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Thanksgiving dinner 2022: Turkey costs projected to rise 23%
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The cost for the annual Thanksgiving feast is expected to surge so much that economists are beginning to question whether it is a better economic choice to eat out.
According to a recent Wells Fargo report, "Is This the Year to Dine Out for Thanksgiving?," the cost of staples from poultry to fruits will outpace the total food at home and food away from home categories on the Consumer Price Index (CPI).
Turkey prices alone are projected to rise as high as 23% compared to the fourth quarter last year, according to Wells Fargo analysts and authors of the report, Courtney Schmidt and Brad Rubin.
INFLATION HITS AMERICANS' GROCERY BILLS AS FOOD PRICES ACCELERATE