This year’s Christmas dinner is more costly than ever before, which is a bit of an unwanted revelation for Americans as they get ready to enjoy the holiday season. Due to the fact that many buyers end their shopping early, the additional cost may, regrettably, soon mount.
This holiday season, Americans will spend an average of $60.29 on their customary Christmas dinner, according to Datasembly’s thorough data collection from key merchants around the country.
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Datasembly’s results, which were cited by Fox Business, show a startling 16.4% rise year over year. This remarkable growth suggests a market rising trend that shouldn’t be ignored.
Datasembly investigated the cost of thirteen key commodities needed to prepare the ideal Christmas feast in-depth. To compare pricing, they acquired cost information from four large retailers: Albertsons, Kroger, Target, and Walmart.
Thanksgiving classics like stuffing, potatoes, and gravy were plenty on Fox’s table. Indulgent eggnog and a melt-in-your-mouth apple pie with whipped cream completed the traditional sides of corn, green beans, and cranberry sauce. For the roast enthusiasts among you, a delightful crowning glory: fresh turkey or boneless spiral ham!
According to Datasembly’s data, the price of staples like biscuits, butter, and russet potatoes has been rising noticeably each year.
Butter and russet potatoes both showed rises of 38% and 32.6%, while biscuits had a surprising 47.7% increase, demonstrating a significant increase in demand for these products.
It seems frozen turkeys didn’t receive the cold shoulder this Christmas season despite the freezing temps. There was an increase of 6.3% when compared to last year’s results, which is just somewhat less than the 11% increase that occurred around Thanksgiving. Again impressive even, sales of bone-in spiral ham increased 7.7% over the previous year, demonstrating once more that traditional tastes still rule the day during festive parties!
Because Christmas parties are so expensive, some families are resorting to an unconventional remedy: charging loved ones and friends for a spot at their dinner table. As consumers struggle with Christmas costs, Newsweek reports that this is happening more often.
“New research shows that consumers are planning to gather in larger groups this holiday season, with an average of 10 people per occasion. This is two more people than the average holiday gathering size last year, and the inclusion of extended family has nearly doubled since 2020,” Newsweek benefited from the knowledge of Mike Simone, who is responsible for the National Cattlemen’s Beef Association’s market research and intelligence.
“With more mouths to feed this year, 42 percent of consumers are worried about food prices,” Simone said. “The rising cost of a Christmas meal may lead consumers to opt for more budget-friendly meals with lower costs per person.”
A majority of people voice concerns about the increase in prices related to inflation, despite President Joe Biden’s attempts to provide Americans financial and economic relief.
According to a Newsweek study conducted by Redfield & Wilton Strategies in October, 61% of the 1,500 respondents blame Biden and his policies for some degree of inflation.
Rep. Mayra Flores of Texas, a Republican, said on Saturday that Biden is “the Grinch in Disguise This Christmas.”
Sen. Rand Paul of Kentucky has started a “12 Days of Christmas” campaign to highlight the “gifts” that the Biden administration has given Americans in 2020, including noticeably higher airline tickets and much more expensive evergreens this holiday season.
Even though it has increased, the inflation rate for November, which was 7.1 percent after peaking at an alarming 9.1 in June, is still much higher than the decades-long norm, indicating that more has to be done to ensure long-term economic stability.
