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Gobble Gobble, consumer prices for turkeys and other Thanksgiving favorites in November

November 24, 2020

Happy Thanksgiving! While many things may be different this year, some things remain staples. For this time of year, the staple is turkey and so we look at the consumer prices for turkeys and other Thanksgiving favorites. Consumer prices for other uncooked poultry including turkey did not change from November 2018 to November 2019. From 2000 to 2019, the change in consumer prices for other uncooked poultry including turkey averaged 1.9 percent from one November to the next.

Over-the-year change in consumer prices for some Thanksgiving favorites, November 2000 to November 2019
Year Other uncooked poultry including turkey Potatoes Frozen and refrigerated bakery products, pies, tarts, turnovers Sauces and gravies

2000

1.7% -2.6% 1.8% 0.6%

2001

1.4 12.3 3.8 3.2

2002

2.2 9.0 4.1 6.8

2003

1.3 -1.8 0.7 -6.1

2004

4.4 4.2 2.3 -7.8

2005

0.6 11.7 0.1 5.4

2006

1.7 5.6 0.2 2.3

2007

2.1 4.1 3.6 0.1

2008

7.4 26.0 10.4 10.2

2009

-1.7 -18.5 3.2 4.7

2010

3.2 1.5 -0.5 1.3

2011

10.5 12.0 3.0 0.3

2012

5.1 -8.7 3.9 0.7

2013

2.5 6.8 -2.1 1.4

2014

0.6 -2.6 0.9 0.4

2015

0.9 0.0 -0.3 3.0

2016

-2.3 4.2 1.3 0.4

2017

-2.9 0.5 -1.3 2.0

2018

-0.2 1.7 0.8 0.5

2019

0.0 5.6 0.4 -0.9

Along with turkey, Thanksgiving is not complete without mashed potatoes. In 2019 the consumer prices for potatoes increased 5.6 percent for the year ended in November. Consumer prices for potatoes increased by 3.5 percent, on average, for the 12 months ended in November from 2000 to 2019.

To accompany the mashed potatoes, one must have gravy. Consumer prices for sauces and gravies decreased 0.9 percent over the year in November 2019. Consumer prices for sauces and gravies averaged a 1.4 percent increase for the year ended in November from 2000 to 2019.

Lastly, after dinner-sweets complete the entire Thanksgiving meal. Consumer prices for frozen and refrigerated bakery products, pies, tarts, turnovers increased 0.4 percent for the year ended in November 2019. Consumer price increases for these items averaged 1.8 percent per year from November 2000 to November 2019.

These data are from the Consumer Price Index program and are not seasonally adjusted. To obtain more data, visit the BLS data retrieval tool.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Gobble Gobble, consumer prices for turkeys and other Thanksgiving favorites in November at https://www.bls.gov/opub/ted/2020/gobble-gobble-consumer-prices-for-turkeys-and-other-thanksgiving-favorites-in-november.htm (visited September 24, 2021).

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