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WEKU
WEKU
Scott Horsley

Rising prices are on the menu for Thanksgiving, with inflation currently at 7.7%

The Broughton family prepares for their dinner prayers during a gathering on November 26, 2020 in Los Angeles, California. Prices for Thanksgiving staples like turkey are on the rise this year, thanks to inflation. (Brandon Bell/Getty Images)

As Americans prepare to gather for Thanksgiving, the high cost of both turkey and travel is grating on their sense of gratitude. At many family get-togethers this month, inflation will be on the menu.

Wholesale turkey prices have jumped 23% from a year ago, gobbling up a big chunk of the holiday budget. Potatoes and cranberries are more expensive as well.

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