Biden Administration Claims Credit for Lower Thanksgiving Costs Amid Criticism
Despite a decrease in prices for certain items, overall costs remain higher than pre-pandemic levels.
- The Biden administration claims credit for lower Thanksgiving costs, citing a decrease in inflation and prices for certain items like gas and turkey.
- Despite these claims, critics point out that prices for staples are still higher overall than they were before the pandemic.
- Thanksgiving dinner for 10 people will cost an average of $61.17 this year, down 4.5% from last year's record-high of $64.05, according to the American Farm Bureau Federation.
- However, the average overall cost of the holiday meal this year is still 25% higher than it was before the pandemic.
- Hourly wages have increased roughly 13% while inflation has shot up 17% since the beginning of Biden’s term, according to data from the US Bureau of Labor Statistics.