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Inflation is driving up Thanksgiving costs. Here are ways to save.

Inflation has made everything more expensive, including Thanksgiving. The meal this year is going to be the costliest ever — "without a doubt," said Emily Weinstein, food & cooking editor of The New York Times.

Household items used to make some Thanksgiving staples are gobbling up more money. The price of eggs is up 43%, butter is up 26.7% and flour is up 24.6%, according to the U.S. Bureau of Labor Statistics.


And the cost of the holiday bird is up 17% as turkey farmers deal with a one-two punch of soaring costs and the highly contagious avian flu, which is on par for one of its deadliest years yet. It has wiped out at least 6 million turkeys, hiking prices even further.


Dave Jones, of Jones Turkey Farm in Cabot, Pennsylvania, an hour outside of Pittsburgh, told "CBS Mornings" a lot of work goes into raising turkeys. But Jones, whose farm has been in the family for three generations, has never been challenged like he has this year.

"It tops everything. Everything doubled this spring," he said.


From the feed to the fertilizer, the cost to run the farm has gone up, which means the cost for customers has, too. He said he had to raise the price of his turkeys by 50 cents per pound this year.


Source: CBS NEWS


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