Inflation drives up food prices and meal costs

Written by parkingfinds

An illustration of a dollar sign made of Christmas tree leaves falling back down.
Illustrated by Brendan Lynch/Axios

A Christmas meal with all ingredients including eggnog and ham is about 16.4% higher than last year due to inflation.

Important reasons: Inflation, supply chain disruptions and bird flu have made nearly every ingredient in holiday feasts 2022 more expensive, according to Datasembly and Consumer Price Index data.

Yes, but: Consumer price growth has slowed, with CPI rising 7.1% in the year ending November, down from 7.7% in October’s inflation report, according to the Labor Department.

What they say: Kristin Myers, editor-in-chief of The Balance, told Axios that some shoppers may have offset higher grocery bills with more modest gift budgets.

  • “Holiday essentials such as turkey, lettuce and eggnog have all seen their prices skyrocket in the past few months, while other grocery essentials have continued to rise throughout the year,” Myers said.
Christmas dinner prices for 2022

context: Datasembly told Axios that it collected prices for 13 products from four retailers (Albertsons, Kroger, Target and Walmart) on Dec. 12 to determine the prices for this year’s holiday dinners.

  • The data company compared prices for data retrieved on December 13, 2021.

By numbers: According to Datasembly, shopping carts averaged $60.29 this year and $51.79 last year, up 16.4%.

  • Biscuits rose the most at 47.1% between December 2021 and 2022.
  • Butter was the second highest at 37.9%, with the price rising from $6.52 to $8.99. Butter rose 27% in November from last year, according to the Consumer Price Index report.
  • Cranberry sauce was up 35.3% to $2.76 and stuffing was up 26.4%.
  • Russet potatoes rose 32.6% to $1.18. According to the Consumer Price Index report, potatoes in November overall increased by 16.2% compared to last year.

  • Turkey prices, which were high before Thanksgiving, are up 6.3%, Datasembly found.
  • Eggnog is 9.8% higher and bone-in spiral cut ham is 7.7% higher.

Flashback: Datasembly’s holiday dinner baskets for 2021 increased by 8.2% compared to 2020 prices.

high price of eggs

Line spacing: Eggs were not included in Datasembly’s Christmas items, but 2022 saw one of the biggest price increases.

  • Prices rose 49.1% compared to November 2021, according to the November CPI report.
  • The average price for a dozen large eggs was about $3.59 this November, compared with $1.72 last November, according to federal data.

demand for eggs Urner Barry Senior Vice President Russ Whitman recently told Worth Sparkman of Axios NW Arkansas.

Details from Axios:

About the author


Leave a Comment