Thanksgiving Dinner, Travel, Black Friday Shopping More Expensive as Inflation Continues to Rise

People on an escalator in an indoor shopping mall

As Americans prepare for Thanksgiving this year, traveling and cooking a family dinner will be significantly more expensive.

Inflation has increased by more than 6.2% this year, according to the consumer price index (CPI), representing the highest rate of price hikes in nearly 31 years.

In January 2021, before Biden “took over the presidency, annual inflation was at a stable 1.4 percent,” Americans for Tax Reform notes. “While inflation has already hit American families hard, President [Joe] Biden is pushing policies which would make this problem even worse.”

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