Thanksgiving Dinner Prices Rising on Supply Shocks, Not Tariffs
Bloomberg Economics see a 1.2% rise from last year in the cost of meals for Thanksgiving.
Photographer: Smith Collection/Gado/Getty Images
President Donald Trump’s tariffs aren’t the main catalyst for accelerating Thanksgiving feast prices in the US, with supply disruptions playing a bigger role, according to Bloomberg Economics.
Although tariffs are bulking up the cost of imported goods like coffee and bananas, more than three-quarters of the rise in food prices come from products with low import dependence, driven by beef and other meats.