Price increases for flour and cookies hit a record high year-over-year for October, US government data showed Thursday. Eggs jumped the most since 2007. Turkey and other non-chicken poultry were up…
By Martine Paris | BloombergPrice increases for flour and cookies hit a record high year-over-year for October, US government data showed Thursday. Eggs jumped the most since 2007. Turkey and other non-chicken poultry were up 17%.
For shoppers, “it might be a first come, first served-type situation,” with people substituting other proteins such as ham, beef short ribs and roasts, Barton said. Others are switching to lighter fare such as soup, salad and pizza. Historically, many traditional menu items see a lift before the holiday, according to retail analytics firm IRI Worldwide, which released a Thanksgiving Tracker of sales and sentiment.
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