By the Numbers: Most expensive Thanksgiving ever

ABC News published this video item, entitled “By the Numbers: Most expensive Thanksgiving ever” – below is their description.

Inflation, supply chain strains and climate extremes are expected to send the cost of Thanksgiving soaring this year.

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About This Source - ABC News

American Broadcasting Company is an American commercial broadcast radio and television network owned by the Disney Media Networks division of The Walt Disney Company.

ABC News is primarily broadcast from the Times Square Studios in New York City.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Thanksgiving

Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations were scaled back during the 2020 coronavirus pandemic.

The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.

Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.

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