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And, of course, we give thanks for all the survey participants who make our data possible. We are thankful to be trusted providers of information about labor market activity, working conditions, price changes, productivity, and more. Now let’s pull up a chair and dig into the Consumer Price Index (CPI) to talk about prices for a Thanksgiving ... Paul Solman stepped back to 1621 to explore the economics of the very first Thanksgiving, where, he learned, profit wasn't everything. Neither is profit everything in 2014 on a family turkey... If you’re like 88% of American households, you will sit down for a Thanksgiving dinner with a turkey. That turkey will weigh, on average, 16 pounds, and you’ll end up eating 3,000 calories. You’ll also be participating in one of the most crucial days in the U.S. economy. Typically, when demand for a product goes up, so does the price. But at Thanksgiving, when demand for turkeys is at its highest, turkey prices drop. Our Planet Money team looks into this mystery. On this week's episode, Aleks and Trey discuss the underlying economics of Thanksgiving. They pay special attention to how those economics have shifted during COVID-19. In more formal economic language, the demand curve for turkeys shifts outward at Thanksgiving, which means people at this time of year are interested in buying more of these birds regardless of... There you have it — four categories of Thanksgiving factoids that can help steer any strained conversations back to a safe zone. Feel free to give thanks for them. More people will be driving... Have you ever wondered what it costs to prepare a traditional Thanksgiving meal of turkey, stuffing, sweet potatoes, pumpkin pie, cranberries, and other goodies? The American Farm Bureau Federation (AFBF) has conducted a Thanksgiving dinner price survey for each year since 1986. Prices consumers paid for other uncooked poultry including turkey were 7.2 percent higher in October 2023 than in October 2022. Prices increased 16.9 percent in the same period one year ago. From 2000 to 2023, prices rose at a 3.0-percent annual rate from one October to the next.

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