(Republicaninformer.com)- According to the Department of Agriculture, the ongoing conflict between Russia and Ukraine is one of the factors that drove up the price of your Thanksgiving meal this year.
According to a USDA document released this month, the highly pathogenic avian influenza (HPAI) epidemic that killed 8 million turkeys in 2022 resulted in higher turkey prices. The USDA added that other causes were “driving up the price of Thanksgiving essentials,” including “Russia’s war on Ukraine and the drought across the United States.”
According to the USDA, the COVID epidemic and “Putin’s Price Hike” have increased food prices globally. The agency also said that Russia’s action against Ukraine cut off a “vital supply” of wheat, corn, barley, and other grains. According to the USDA, the epidemic and Russia’s conflict in Ukraine have “pressured food costs.”
Increased costs for food and energy have been referred to as “Putin’s price rise” by President Biden and his administration, who have frequently attributed the broad spike in inflation to Russia.
But according to data from the Biden administration, inflation accelerated nearly almost away when Biden became president in February 2021.
The Biden administration announced that consumer prices had increased 7.5% in the year ending in January 2022, according to the Bureau of Labor Statistics, just before Russia invaded Ukraine in late February 2022. Inflation would soar significantly before the invasion, reaching a peak of 9.1% in the year ending in June 2022.
Russia’s attempt to obstruct Ukraine’s exports of grains has caused price increases. However, before Russia’s invasion, the cost of feed grain was growing along with the cost of many other commodities.
The USDA document noted that the 0.4% increase in grocery costs in October was the “smallest increase since December of last year,” indicating that the Biden administration has made headway in its fight against rising food prices.
In addition, compared to estimates from outside the government, this document understated the effect inflation has on the price of Thanksgiving dinner.
According to the report, the average price of Thanksgiving mainstays like fresh turkey, sweet potatoes, cranberries, and green beans would only rise by roughly 1% from last year to this year, whereas using a frozen turkey resulted in a 6% price increase.
The National Turkey Federation estimated that around 40 million turkeys would be consumed over the Thanksgiving holiday. However, this year’s bird flu outbreak has led to an increase in the cost of pre-Thanksgiving stuffing mix, crusts, and dinner rolls.