Inflation — the uninvited guest at Thanksgiving dinner

Smart Jerry wrote a column · Nov 25, 2021 02:05

The uninvited guest — inflation, has arrived at Thanksgiving dinner.

Turkeys are more expensive than a year ago. And other costs from Thanksgiving dinner have also gone up.

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Gas prices have increased nearly 50% on the year, appliances are 6.6% more costly and even things such as cookware and tableware are more expensive.

Oh, everything is expensive.

In October, the CPI rose 6.2% from a year ago and hit a 30-year high.

To be specific, food costs rose 5.3% on the year, with the largest gains driven by price increases of meat, poultry, fish and eggs.

According to Google Trends, interest in "inflation" is higher than it has been at any time in the last decade.

Source: visualcapitalist

88% of Americans are concerned about inflation. And these are the top 5 areas they plan to cut back on their spending.

Source: visualcapitalist

Experts said inflation will decelerate going into 2022. But consumers will need to adjust to the sticker shock for the near term.

How do you deal with inflation in your daily life?

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