--- title: Give Thanks. But Not for High Turkey Prices. description: "Chart of the month: Inflation is easing, but your Thanksgiving meal will cost more" image: https://insights.danainvestment.com/hubfs/Email/Chart%20of%20the%20Month/2022.11%20Dana%20COTM2-01.png --- - [Home](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Insights - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/mobile-logo.png?width=300&height=76&name=mobile-logo.png "Dana Investment")](https://www.danainvestment.com/) - About Us - [Who We Are](https://www.danainvestment.com/who-we-are/) - [Who We Serve](https://www.danainvestment.com/who-we-serve/) - [Our Responsibilities](https://www.danainvestment.com/our-responsibilities/) - [Meet The Team](https://www.danainvestment.com/meet-the-team/) - [History](https://www.danainvestment.com/history/) - [Awards](https://www.danainvestment.com/awards/) - Our Services - [Overview](https://www.danainvestment.com/overview/) - [Equity Strategies](https://www.danainvestment.com/strategy-assignment/equity-strategies/) - [Fixed Income Strategies](https://www.danainvestment.com/strategy-assignment/fixed-income-strategies/) - [Wealth Management](https://www.danainvestment.com/strategy-assignment/wealth-management/) - Thought Leadership - [Insights](https://insights.danainvestment.com/blog) - [The Dana Viewpoint](https://www.danainvestment.com/category/the-dana-viewpoint/) - [News & Updates](https://www.danainvestment.com/content-library-category/news-updates/) - [Content Library](https://www.danainvestment.com/content-library-category/content-library/) - [Resources](https://www.danainvestment.com/resources/) - [Contact](https://www.danainvestment.com/contact/) - [Stay Informed](https://www.danainvestment.com/stay-informed/) [![Dana Investment Advisors](https://insights.danainvestment.com/hs-fs/hubfs/raw_assets/public/DanaInvestment_May2023/images/header-logo.png?width=300&height=76&name=header-logo.png "Dana Investment Advisors")](https://www.danainvestment.com/) MENU CLOSE ![](https://insights.danainvestment.com/hubfs/raw_assets/public/DanaInvestment_May2023/images/search-image.png) # Give Thanks. But Not for High Turkey Prices. Published on Nov 21, 2022, 12:20:16 PM [![2022.11 Dana COTM2-01](https://insights.danainvestment.com/hs-fs/hubfs/Email/Chart%20of%20the%20Month/2022.11%20Dana%20COTM2-01.png?width=900&height=431&name=2022.11%20Dana%20COTM2-01.png)](https://insights.danainvestment.com/hubfs/Email/Chart%20of%20the%20Month/2022.11%20Dana%20COTM2-01.png) - Turkey prices rose to new highs recently while wholesale chicken prices are down 35% year-on-year - The American Farm Bureau’s annual survey says Thanksgiving dinner is 20% more expensive in 2022 - Bigger picture, economy-wide inflation appears to have indeed peaked this past summer There was good news earlier this month when the October Consumer Price Index (CPI) and Producer Price Index (PPI) reports crossed the wires. Stocks rose, bond yields fell, and optimism grew that the Federal Reserve might not raise interest rates quite as quickly. Within the PPI data, there were interesting trends. Specifically, wholesale chicken prices are down about 70% from the peak earlier this year. Turkey prices, though, are at all-time highs. Should you consider a swap this Thanksgiving? That’s your call, but there are signs that broader inflation may have indeed peaked. PPI Data: Turkey Prices Remain High, Chicken Prices Dropping Tags: [Chart of the Month](https://insights.danainvestment.com/chart-of-the-month/tag/chart-of-the-month) [Back to Blog](https://insights.danainvestment.com/chart-of-the-month) - [Tweet](https://twitter.com/share) ## Related Articles ## [Let’s Talk Turkey 🦃 2023 Thanksgiving Dinner Costs](https://insights.danainvestment.com/chart-of-the-month/november-2023) [Read More](https://insights.danainvestment.com/chart-of-the-month/november-2023) ## [Far Ahead of the Pack: U.S. Mega Cap Tech Soars](https://insights.danainvestment.com/chart-of-the-month/march-2024) The Magnificent 7 stocks—Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta... [Read More](https://insights.danainvestment.com/chart-of-the-month/march-2024) ## [Are commodity traders signaling that a recession is in the cards?](https://insights.danainvestment.com/chart-of-the-month/october-2022) The Fed issued a widely anticipated 0.75 percentage point rate hike in September Markets reacted... 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