America’s rising food prices are causing some to change their diets.
, the average cost of this year’s classic Thanksgiving feast for 10 was $53.31, more than $5 a person, which was the priciest meal in the survey's 36 years and up 14% from $46.90 in 2020. Online shopping has also been hit by inflation. On Thursday, Adobe announced online inflation data for November, which it said reached a record high at 3.5% year-over-year, which is the largest increase since Adobe began tracking the digital economy in 2014.
"We had anticipated prices being higher for November because what we were seeing when we were tracking discounts on Cyber Monday and Black Friday was that discounts were weaker," Pandya said, adding discounts ranged from 5% to 25%, lower than 10% to 30% last year.
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