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Marketplace Morning Report

Talkin' turkey (inflation)

Marketplace Morning Report

American Public Media

News, Business

4.5808 Ratings

🗓️ 25 November 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Are the food prices for dishes on your Thanksgiving table going up, down, or staying the same? Well, it all depends on what's on the menu this year. Today, we'll discuss holiday food prices and the dueling narratives around how they’ll hit your budget. Plus, even people who haven't historically relied on tax credits for health insurance are seeing their premiums for ACA coverage go up next year. Why?

Transcript

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0:00.0

Talking Turkey on Thanksgiving inflation. I'm David Brancaccio in Los Angeles. Good morning. We are leading with the politics of what we have to pay for the Thanksgiving meal. Before we go any further, let's be clear. No one needs to tell you if your grocery bill is getting higher or lower, we're all there at the supermarket scanner.

0:21.6

We know what we're buying and if it's up or down.

0:24.3

That said, my colleague Gimperley Adams reports now on the dueling statistics and narratives on this.

0:30.5

When it comes to the cost of Thanksgiving,

0:32.9

so this year we see that Thanksgiving dinner is going to be less expensive.

0:36.8

Our numbers show that it's going to be pretty close to the same or a little bit up.

0:42.0

We find that the typical Thanksgiving meal will run people about 10% more this year.

0:47.0

That's Faith Parham at the American Farm Bureau, Justin Cook at Deloitte and Elizabeth Pancati at the Economic Think Tank Groundwork Collaborative.

0:55.0

Here's the thing. Food prices overall are up. Here's the Farm Bureau's Faith Parham again.

1:00.7

For vegetables specifically, our veggie tray was up more than 61 percent and sweet potatoes were

1:05.3

up 37 percent. So some Thanksgiving baskets replace fresh vegetables with frozen, drop the dessert, use more generic brands.

1:14.5

And some stores are willing to take a hit on the turkey, says Elizabeth Pancodiac Groundwork Collaborative.

1:20.7

They can put those prices in the paper or in online advertisements to get you in the door,

1:25.6

and then they know that you will buy the pumpkin

1:27.8

pie filling and the green beans and the stuffing. Regardless, family budgets are tight this

1:33.4

holiday season. So, says Justin Cook at Deloitte, they may eat a less fancy meal, or some families

1:40.6

are actually going to invite fewer guests, kind of downsizing the meal itself as a way to save money.

1:46.7

And says Cook, if you're going to be a guest, it's more important than ever to contribute to the cause.

1:52.4

Cook says the average guest will spend about $47 to add to the spread.

1:57.2

In Washington, I'm Kimberly Adams for Marketplace.

2:17.3

Music In Washington, I'm Kimberly Adams for Marketplace. There are published reports that we could get an announcement from the White House someday soon, revealing how the administration plans to deal with high medical costs and expiring government subsidies for health insurance.

2:30.4

Now, without those subsidies, which are set to expire at the end of this year in just over five weeks, many who buy Affordable Care Act medical plans would see their premiums double, triple, quadruple. But even people who haven't relied on tax credits for health insurance are seeing their premiums for ACA coverage go up next year, about 26 percent on average. Marketplaces Samantha Fields looked into why

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