SURVEY: Inflation Leads to Thanksgiving Cutbacks
Prices are going up and consumers are cutting back -- at least according to a new survey conducted by Numerator, a data and technology company. While holidays are normally a time of splurging, Numerator’s survey found that inflation is expected to impact Thanksgiving shopping for 78% of consumers this year.
Research firm NielsenIQ reports that the price of frozen whole uncooked turkeys in the four weeks before Nov. 6 rose 15.6% from the same period in 2020. And while most expected price increases in the Thanksgiving categories, the rise in cost has resulted in...
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