Thanksgiving Grocery Prices Soar in Tennessee: Consumers Feel the Impact of Inflation
As Thanksgiving approaches, Tennesseans are bracing themselves for higher grocery prices this holiday season. According to a survey conducted by the University of Tennessee Extension, traditional Thanksgiving food prices have seen a significant increase compared to last year. The cause behind these rising prices is inflation, which is being felt not only in Tennessee but nationally as well.
Dr. Chris Sneed from the University of Tennessee explains, If you look at the prices of a Thanksgiving meal pre-pandemic, so 2019, and compare it to today, you’ll see that prices have gone up 25 percent, and that’s a lot for consumers to handle.
The survey, led by Professor and Consumer Economics Specialist Ann Berry, examined grocery stores across Tennessee from November 1 to November 8. Items included in the study ranged from turkey and stuffing to cranberry sauce, ham, mashed potatoes, sweet potato casserole, green bean casserole, English pea salad, deviled eggs, pumpkin pie with whipped cream, and rolls. The team estimated that the Thanksgiving meal would feed 10 people.
The results of the survey revealed that a typical Thanksgiving meal will be approximately 14 percent more expensive than last year. The University of Tennessee reports that the total cost of a meal for 10 people will be $128.02, with a per-person cost of $12.80.
One contributing factor to the increasing prices is a phenomenon known as shrinkflation, as explained by Dr. Sneed. This refers to reducing the volume of a product while keeping the packaging the same and charging the same price. In other words, consumers will have to be vigilant about changing prices and the quantity they purchase. It may also mean considering alternative grocery stores that offer more affordable options, even if they are less convenient.
While these rising costs may put a strain on consumers’ budgets, there are ways to mitigate the impact on Thanksgiving dinner expenses. Dr. Sneed suggests adopting a potluck-style approach to meal preparation.
I think it is a great idea to let everyone chip into the Thanksgiving meal. So instead of having one particular person bearing the burden of the cost of a Thanksgiving dinner, divide it up, and let everyone that’s coming contribute as well, he advises.
In conclusion, Tennesseans can expect to pay more for their Thanksgiving groceries this year due to inflationary pressures. The survey conducted by the University of Tennessee Extension highlights a 14 percent increase in the overall cost of a Thanksgiving meal compared to last year. To manage these rising prices, consumers are advised to be conscious of changing costs, consider shopping at cheaper grocery stores, and explore the option of a potluck-style Thanksgiving dinner. By implementing these strategies, Tennesseans can still enjoy a delicious holiday feast without breaking the bank.
