WLWT: Thanksgiving items prices high, but stores offering discounts
Lindner professor believes consumers will be more cost-conscious
Thanksgiving dinner will come at an elevated cost for shoppers in 2022. Per the American Farm Bureau Federation, Thanksgiving items are costing just over $64 on average this fall — a rise of almost $11 from 2021.
Supply chain problems, high transportation costs and labor shortages are driving up prices. However, retailers like Aldi, Kroger, Meijer and Walmart are offering Thanksgiving deals.
Erwin Erhardt, PhD, associate professor-educator of economics.
“There will be some trade-off,” Erwin Erhardt, PhD, associate professor-educator of economics, told WLWT. “Some people might look for non-name brand items to pick up, and some people might go to discount grocery stores to pick things up.”
WLWT reported that Walmart is reducing prices on popular Thanksgiving items to 2021 prices, and Aldi is rolling back prices to what items cost in 2019.
“I think that people will try to put on a good Thanksgiving dinner, but they’re going to be a little more cost-conscious and maybe in some areas just trim the budget up a little bit to help keep costs under control,” Erhardt said.
Featured image courtesy of Adobe Stock.
Next Lives Here
The University of Cincinnati is classified as a Research 1 institution by the Carnegie Commission and is ranked in the National Science Foundation's Top-35 public research universities. UC's medical, graduate and undergraduate students and faculty investigate problems and innovate solutions with real-world impact. Next Lives Here.
Related Stories
Lindner recognizes 2022-23 faculty and staff award winners
April 13, 2023
The Carl H. Lindner College of Business touted its award-winning faculty and staff from the 2022-23 academic year in a reception April 12 at Lindner Hall.
Career, community, connections: Business Fellows piece all...
December 19, 2023
Forty-six first-year Business Fellows embarked on a four-day excursion to Seattle with their peers.