Food inflation will make this Thanksgiving more expensive: Here’s what to expect

The American Farm Bureau Federation announced that “families can expect to pay record high prices at the grocery store for turkey.”

The cost of all food climbed 11.2% in September compared with last year, with the cost of food at home like groceries climbing 13% year on year.

Other categories saw relatively smaller annual price jumps but still notched their largest-ever year-over-year climbs: The category of cakes, cupcakes and cookies was up 16%, as was the category of sweet rolls, coffeecakes and doughnuts.05:36 The retail price for fresh boneless, skinless turkey breast reached a record high of $6.70 per pound in September, 112% higher than the same time in 2021 when prices were $3.16 per pound, the bureau said.

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