There has been talk of some consumers snubbing restaurants as of late due in part to rising menu...
You know what doesn’t make much sense? Headlines claiming Thanksgiving dinner is cheaper. True…sort of. As the chart shows, average retail turkey prices this Thanksgiving are nearly 21% (hello, Roberto Clemente) below last year—even though wholesale whole-bird markets are up more than 40%. Contracts and timing might explain some of the gap, but the financially stretched U.S. consumer is playing a role too. Good news for the holiday table…maybe not great news for overall consumer health.
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