As President Joe Biden prepares to leave office in January, his administration’s legacy of surging inflation has delivered another year of increased Christmas food prices for Americans.
Various Christmas meal staples will be costlier this year, according to an end-of-year report from Expana, the world’s largest IOSCO-assured agrifood price reporting agency. Expana’s Main Meal Index, which tracks the prices of popular holiday grocery items such as shrimp, beef, pork, lamb, carrots and potatoes, increased by 2.3% year-over-year.
Expana’s “Gingerbread Index,” which follows the prices of wheat, sugar, butter, eggs, cassia and ginger, rose by 5.5% in November. The average price for bone-in hams also rose to $0.91 per pound last month — a staggering 8.3% increase from this time last year. (RELATED: ‘Election Interference’: Fed Leaves Trump With Parting Gift After…
