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☆ I've followed the Mediterranean diet for years. Here are 8 things people always get wrong about it.
▼ + stars: | 2024-01-09 | by ( George Arkley | ) www.businessinsider.com time to read: +7 min

Read previewI have followed the Mediterranean diet for years, and I've come across a lot of myths and misconceptions about it along the way. Read on for some popular debunked myths about the Mediterranean diet based on my experience as a longtime follower. AdvertisementDespite its name, it's not really a dietThe Mediterranean diet isn't really a diet — it's a lifestyle. Extra-virgin olive oil can also get expensive but it's truly a staple and it's often better than using more refined oils, like canola, vegetable oils, and very light olive oil. For example, avocado isn't traditionally part of the Mediterranean diet but I still incorporate it into my Mediterranean-style recipes daily.

Persons: —, I'm, it's, Atkins, Linda Raymond, that's, feta, Shutterstock It's, It'd, George Arkley Organizations: Service, Business, University of Locations: Greece, Spain, Morocco, Southern Italy, Northern Italy

☆ A millennial moved from Georgia to a Seattle suburb. She said her job pays nearly twice as much, and the weather is ideal.
▼ + stars: | 2024-01-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Read previewCaroline, 29, was tired of making $40,000 a year as an academic librarian in a suburb of Atlanta. The people are younger and quieter in Bremerton, the Seattle suburb in which she lives with her husband, and the weather is an improvement, she said. Nearly 5,600 made the move from Georgia to Washington, a particularly popular destination for California movers. Both Caroline and her husband landed union jobs, which she said were very rare in her part of Georgia. Advertisement"Coming from Georgia, I was usually the most introverted person in every room, whereas out here, that's not true," Caroline said.

Persons: —, Caroline, Peach State Caroline, she's, that's Organizations: Service, Business, Census, Peach State, Finances, Seattle Locations: Atlanta, Georgia, Seattle, Washington, Bremerton, Florida , Texas, North Carolina, California, Pacific, West, Cartersville, In Georgia

☆ From FedEx to airlines, companies are starting to lose their pricing power
▼ + stars: | 2023-12-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Andrew Kelly | ReutersAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Nike last week lowered its annual sales growth forecast and unveiled plans to cut costs by $2 billion over the next three years. "Goods companies don't have the pricing power they did in the pandemic, and some in the hotel and travel [industries] — they don't have the pricing power they did in the immediate post-Covid," he added. Sales growth for companies in the S&P 500 is on track to average 2.7% this year, according to mid-December analyst estimates posted by FactSet. Consumer spending on apparel and groceries rose 2.4% and 2.1%, respectively, from the year-earlier period, according to the survey.

Persons: Andrew Kelly, Mills, Joe Cavaretta, David Kelly, FactSet, Kelly, isn't, airfare, John F, Bob Jordan, Jordan, Ohsung Kwon Organizations: FedEx, Reuters, Shipping, Airlines, Target, Nike, Spirit Airlines, Hasbro, Fort Lauderdale Hollywood International, South Florida Sun Sentinel, Tribune, Service, Getty, Florida Sun, Morgan Asset Management, FactSet, Mastercard, Starbucks, Airline, U.S . Department of Labor, Kennedy International, Southwest, CNBC, Detroit automakers, Toyota, Cox Automotive, Bank of America Locations: New York, speedier, Fort, South

☆ Facing fines, cluttered aisles and late-night mockery, Dollar General's returning CEO tries to drive a turnaround
▼ + stars: | 2023-12-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. Dollar General may have topped Wall Street's fiscal third-quarter expectations, but it has had a tough year. Shares of Dollar General closed Wednesday at $133.92, down by about 46% so far this year. On a recent episode of HBO's "Last Week Tonight with John Oliver," the comedian ridiculed Dollar General and its rival, Dollar Tree .

Persons: Todd Vasos, Vasos, Jeff Owen, Michael Calbert, John Oliver, I've, whittle Organizations: Dollar, LSEG, federal, Safety, Health Administration, OSHA, CNBC PRO Locations: Austin , Texas

☆ China’s youths throng bargain basements as economy bites: ‘The first floor is too expensive’
▼ + stars: | 2023-12-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.

Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou

☆ The workplace is transforming because workers want good jobs, not just jobs
▼ + stars: | 2023-12-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Despite threats to job security such as layoffs, the rise of return-to-office mandates, and the prospect of artificial intelligence taking over jobs, workers have realized what's akin to letting a genie out of the bottle: Their jobs don't have to be just jobs. The push to make jobs back into careers, and good jobs, is just beginning. "And we've also seen just the massive gap between CEO salaries and frontline worker pay." Even so, there's been what Bruno called a "national consciousness raising" around what a quality job is. And thinking toward a future full of quality jobs is a message workers are taking to heart.

Persons: Ingrid Vilorio, She's, Vilorio, It's, Rob Bruno, Bruno, what's, —, Julie Su, Biden, Biden administration's, Su, there's, Zers —, Federal Reserve Banks, Keith Wardrip, Wardrip Organizations: University of Illinois, Workers, Treasury Department, Gallup, United Auto Workers, BI, Federal Reserve, Federal Reserve Bank of Philadelphia Locations: California, University of Illinois Urbana, Champaign, America, Philadelphia, Atlanta

☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
▼ + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.

Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia

I didn't grow up giving a lot of gifts, and I've never been excited about getting more things. I spend my gift giving budget on big experiences, like a trip to my fiancée's favorite Broadway show. I spend my money on a big experience instead of small giftsI take inspiration from my fiancée. I found a $99 flight to New York and got us tickets to see the Waitress together, which ended up being our last big trip before the pandemic. When the pandemic hit, I still wanted to provide special experiences for my fiancée.

Persons: I've, —, I'm, Lush Organizations: Service, Quicken Locations: New York

☆ This company lets you visit resorts for a day, and it's my new favorite travel hack
▼ + stars: | 2023-11-30 | by ( Monica Humphries | ) www.businessinsider.com time to read: +4 min

I felt like I left experiencing Palm Springs — not just seeing it. AdvertisementI was itching not only to see Palm Springs, California, but to experience it. I hopped on the website where more than 15 Palm Springs resorts were listed. I could spend my day at familiar brands like the Hyatt Palm Springs or the Kimpton Rowan Palm Springs Hotel. I told the worker at the reception desk that I had booked a day pass.

Persons: ResortPass, —, Monica Humphries, Rowan, cabanas, Barbie Dreamhouse, could've Organizations: Service, Springs Locations: California, Palm Springs , California, North America, Caribbean, Palm, Springs, Cody, daybeds, El, Colorado

☆ Price of the ‘12 Days of Christmas’ just hit a record high, according to PNC Financial Services’ 2023 Christmas Price Index
▼ + stars: | 2023-11-29 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

The Christmas Price Index, now in its 40th year, is a tongue-in-cheek take on the Bureau of Labor Statistics’ Consumer Price Index and is meant to highlight market changes over time while educating consumers about the economy. The holiday index also is running a touch cooler than its traditional counterpart, the Consumer Price Index, which was up 3.2% for the 12 months ended in October and 7.7% this time last year. Pricier doves and live performancesThe Christmas Price Index leans more heavily on discretionary purchases than the broad basket of goods and services that feed into the Consumer Price Index. The core Christmas Price Index rose 3.7% this year, a far more muted increase than last year’s 15.4% gain. “The Christmas Price Index is a very specialty gift basket.

Persons: inflation’s, ” Amanda Agati, “ We’re, ”, ” Agati, ’, hasn’t, Agati, “, it’s Organizations: Minneapolis CNN, PNC Financial Services, Bureau of Labor Statistics ’, Federal, CNN, Consumer, PNC Locations: Minneapolis, United States

Tech discounts feature prominently among the best Cyber Monday deals and include stellar sales on headphones and earbuds. There are several different types of headphones and earbuds, but we're focusing on wireless noise-canceling headphones, wireless earbuds, with a sprinkling of gaming headsets. Best Cyber Monday deals on headphonesBeats Solo3 $99.95 $199.95 Save 50% The Solo3 headphones are perfect for commuting, studying, the gym, or zoning out during family road trips. The Galaxy Buds 2 are a great choice for Android users seeking a solid pair of mid-range buds. Best Cyber Monday deals on gaming headphones

Persons: it's Organizations: AirPods, earbuds Samsung, pricier Sony

☆ Small music venues fight to keep prices affordable as inflation eats into profits
▼ + stars: | 2023-11-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

It has never been easy for small or independent music venues to turn a profit. Now, with inflated operating costs, some owners are struggling to keep ticket prices affordable for audiences and take chances on lesser-known artists. But many smaller, independent venues have yet to see business return to pre-pandemic levels, according to Stephen Parker, executive director of the National Independent Venue Association. "If you are a larger venue, you're probably doing quite well post-pandemic," he said. The latest challenge facing NIVA's network of independent venues, Parker said, is protecting margins in the face of higher costs.

Persons: Taylor Swift, Stephen Parker, NIVA, Parker, Dayna Frank, Frank Organizations: Independent, Association, Productions Locations: Minnesota's Twin Cities

They rarely go on sale, so when we occasionally find a great Black Friday deal, we jump on it. Right now, Blue Mercury is offering 20% off purchases of $200 or more, which puts our favorite SkinCeuticals products like the C E Ferulic Serum at $146 today, down from $182, if you add just $18 more to your cart. The best Black Friday sales on SkinCeuticals productsWhile SkinCeuticals doesn't host its own Black Friday sale, it sometimes offers exclusive discounts on sets and products do go on sale at other retailers as part of their promotions. Our editors' picks for the best SkinCeuticals productsOur team of beauty editors has tried a few of the top-selling products from SkinCeuticals, and we've never been let down by the brands' formulas. The SkinCeuticals Hyaluronic Acid Intensifier was named the top pick in our best hyaluronic acid serum guide because of its potent pure hyaluronic acid formula made with licorice root extract that helps to retain the moisture pulled to the skin.

Persons: Sheldon Pinnell, we've, she'd Organizations: Triple

Right now, you can snag excellent Black Friday hard drive deals, and I've scoured through all of the discounts to find three models that I think are especially worth the money. With that in mind, the three best Black Friday hard drive deals I'm recommending include some of the fastest and most modern solid state drives (SSDs) you can buy. Best Black Friday deals on hard drives todayDoes my hard drive need a heatsink? All three of the hard drives I recommend come with heatsinks to help cool them during heavy use. Which brand hard drive should you buy?

Persons: heatsinks Organizations: Samsung, Sony

☆ Branding’s corporate titans face moment of truth
▼ + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com time to read: +8 min

Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.

Persons: Kraft Heinz, Nestlé, ’, Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, ”, François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, ’, United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, “, Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London

☆ Chicken wings are on Popeyes menu for good
▼ + stars: | 2023-11-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Back in 2019, Popeyes’ chicken sandwich created a frenzy in the fast food industry, prompting a wave of copycats and became a barometer for success. Wings are here to stayOver the past few years, Popeyes has brought wings to the menu on a limited-time basis. Popeyes' line of chicken wings Courtesy PopeyesWith wings, Siddiqui said, Popeyes once again saw long lines and a sales lift. Siddiqui doesn’t expect enthusiasm over Popeyes wings to reach the same kind of fervor inspired by the chicken sandwich. A good time to sell cheap chickenOther chains have seen success with chicken wings in recent months, as people cut back on spending by buying cheaper food.

Persons: New York CNN — Popeyes, Pepper, it’s, Popeyes, Sami Siddiqui, ”, Siddiqui, Michael Skipworth, It’s Organizations: New, New York CNN, Wings, Popeyes, CNN, “ Locations: New York, Popeyes North America, United

☆ Why apple prices plunged in October
▼ + stars: | 2023-11-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

But apple prices plunged 7.9%. A Goldilocks year for applesIn general, apple prices dip in the fall, because that’s when they’re harvested and flood the market. An apple orchard near Leavenworth, Washington state. “We have a lot of volume, but I don’t know if we’re gonna be making any money this year.”Though gas prices have fallen, apple farmers have other rising costs, including labor. To cope with rising costs and improve sustainability, many farmers have been making adjustments to how they operate, said Todd Fryhover, president of the Washington Apple Commission, which promotes the state’s apple industry.

Persons: it’s, ”, Chris Gerlach, ” Gerlach, “, Jon DeVaney, Gerlach, Lynsee Gibbons, we’ve, Association’s DeVaney, …, Craig Campbell, Campbell, DeVaney, “ I’ve, Jonathan Haines, Todd Fryhover, “ We’re, “ They’re Organizations: New, New York CNN, Bureau of Labor Statistics, US Apple Association, Gro Intelligence, Tree Fruit Association, USDA, “, ” Farmers, Harmony Orchards, Washington Apple Commission Locations: New York, United States, India, Leavenworth , Washington, Washington, Turkey, Iran, Ukraine, Russia, East, South Asia, Yakima, Wenatchee

It’s been a wonderful year at the movies for cinephiles, but what do you get for the film lover who has seen everything already? There are inspiration boards, script pages with handwritten annotations, correspondence with collaborators, as well as personal introductions to each film. They even have a section where you can choose films based on running time: Only have 90 minutes or less? Another special feature looks at the development of black and white 65mm film stock they pioneered for the film. Because this license plate has serious movie cred.’” It’s easily google-able, but we won’t spoil it here.

Persons: It’s, Barbie, Sofia Coppola, “ Sofia Coppola, Coppola, “ Priscilla, ”, she’s, Kirsten Dunst, Bill Murray, Tomasz Ruminski, Leszek Żebrowski ’, Andrzej Krajewski ’, thoughtfully, Parker Posey, Ozu, Ousmane Sembène, “ Hitchcock, Christopher Nolan’s “ Oppenheimer ”, Nolan, Kai Bird, Kip Thorne, Matt Singer, Roger Ebert, Gene Siskel, Siskel, Ebert, Singer, “, Samuel L, Jackson, Cillian Murphy, Jason Momoa, Steven Soderbergh, it’s, Joanna Bush, Soderbergh, ” It’s Organizations: Sundance Film, Criterion, ”, Teamsters, NICE Locations: “, Park City , Utah, Chicago

Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy. Polls consistently show that most Americans disapprove of Biden's handling of the economy. I hear that from my family.”That's particularly true for some of the goods and services that Americans pay for most frequently: Bread, beef and other groceries, apartment rents and utilities. “Partly because the country is more polarized.”Even so, many Americans, like Charles, are still feeling the pain of inflation. Even if it does, the higher pay may come with a time lag.

Persons: they’re, Joe Biden, Lisa Cook, Cook, ”, Wendy Edelberg, Katherine Charles, Charles, “, ” Charles, Maximus, Eileen Cassidy Rivera, ” Rivera, Karen Dynan, George W, Bush, Obama, Edelberg, ” Edelberg, haven't, Brad Hershbein, Anthony Murphy, Murphy, Aparna Jayashankar, ” Hershbein Organizations: WASHINGTON, Associated Press, NORC, for Public Affairs Research, Federal Reserve's Board of Governors, Duke University, “, Brookings Institution, Medicare, Affordable, Teamsters, Biden, House, Republicans, University of Michigan's, Harvard, Upjohn Institute, Federal Reserve Bank of Dallas Locations: U.S, Tampa , Florida, autoworkers, ”

☆ Tip a Self-Service Kiosk? How to Deal With the Many Requests for Tips.
▼ + stars: | 2023-11-17 | by ( Ann Carrns | ) www.nytimes.com time to read: +1 min

Mr. Rossman recalled encountering a tip screen this year at a self-checkout station at Newark Liberty International Airport. Replacing the old-fashioned tip jar, new digital payment systems have made it easy for businesses to ask customers for tips electronically. So for some, it can feel awkward to tap “other amount” or “no tip” on a payment screen if they feel that the employee or others in line are watching. More generous tipping practices took hold earlier in the coronavirus pandemic, with people inspired to help frontline workers. But as the pandemic eased, higher inflation took hold, and tipping as a percentage of a pricier meal tab became more noticeable.

Persons: Rossman, “ It’s, Michael Lynn Organizations: Newark Liberty International Airport, Cornell University

☆ Bath & Body Works trims sales forecast as demand slows into holiday season
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Products are displayed in L Brands Inc., Bath & Body Works retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Brendan McDermid Acquire Licensing RightsNov 16 (Reuters) - Bath & Body Works (BBWI.N) lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items like the specialty retailer's candles and soaps. The retailer expects its 2023 net sales to fall by 2.5% to 4%, compared with its previous forecast for a decline of 1.5% to 3.5%. Bath & Body Works earned 48 cents per share excluding one-time items in the third quarter ended Oct. 28, topping analysts' average estimate of 35 cents per share. The Ohio-based company's net sales fell 2.6% to $1.56 billion in the quarter, in line with analysts' estimates.

Persons: Brendan McDermid, Gina Boswell, Juby Babu, Milla Nissi Organizations: Brands Inc, Body Works, REUTERS, Body, Thomson Locations: Manhattan , New York, U.S, The Ohio, Bengaluru

☆ Morning Bid: Consumers in focus as Walmart reports
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday's corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (WMT.N), Bath & Body Works and Macy's (M.N) report earnings. Expectations for Walmart ride high after peer Target (TGT.N) surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain. Figures on Wednesday showed U.S. producer prices fell at their fastest pace since April 2020, and UK consumer inflation undershot all forecasts. Reuters GraphicsMeanwhile in Asia, Japan's exports are struggling due to slumping China-bound shipments of chips and steel.

Persons: Vidya Ranganathan, Eddie Wu, Christine Lagarde, Jerome Powell, What's, Joe Biden, Xi Jinping, England's Randall Kroszner, ECB's Christine Lagarde, Luis de Guindos, Fed's Loretta Mester, John Williams, Michael Barr, Jacqueline Wong Organizations: Vidya, Walmart, Body, Insider Intelligence, U.S, Bank, Events, Applied Materials, Siemens, SQM, Thomson Locations: U.S, Asia, China, San Francisco, Bath, France

☆ Californians who moved to Texas reveal the one thing that gave them sticker shock in their new state
▼ + stars: | 2023-11-16 | by ( Erin Snodgrass | Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

But while housing and gas is significantly cheaper in Texas, property taxes are typically higher. "Every time a prospective client calls me, it's one of the first things I talk about," Bailey told Business Insider. But while housing, gas, and grocery prices tend to be lower in Texas, California has Texas beat when it comes to property taxes. In her work as a realtor, Bailey said she typically sees property tax percentage rates in Texas sitting between 1.6% to 2.7%. Advertisement"Considering I could never afford a house at all in California, property tax or not, it's a non-issue for me," Crossan said.

Persons: —, Marie Bailey, Bailey, Janelle Crossan, Crossan, Charles Denson, Gill, Denson, " Denson, Jennifer, Chuck Balek, Jennifer Balek, Chuck Organizations: Service, Golden State for, Lone Star State, Business, Denson & Company, Texans Locations: Texas, Golden, Golden State for Texas, California, El Segundo , California, Prosper , Texas, Costa Mesa , California, New Braunfels , Texas, Texas , California, Camarillo , California, Rockwall , Texas, New Branfels

But the steady ebbing of inflation hasn't translated into good news for either President Joe Biden or the Federal Reserve when it comes to public opinion. They're just going up at a slower rate," Fed Governor Christopher Waller said last week when asked at a research conference about common public misconceptions. Inflation expectations have fallen, according to a New York Fed survey but remain well above the central bank's 2% target. Both Waller and Fed Governor Lisa Cook took note of the public mood last week in similar comments about the expectation for prices to fall, which they don't frequently do. Reuters GraphicsBut if inflation readings continue to show a slowdown, the Fed could put more weight on sustaining the strength of the job market.

Persons: Joe Biden, They're, Christopher Waller, That's, Biden, Jeff Jones, Waller, Lisa Cook, Derek Tang, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, Fed, Reuters, Democratic, Gallup, Reuters Graphics, New, FOCUS, Biden, Thomson Locations: U.S, shutdowns

The American Farm Bureau Federation's annual survey of holiday food prices out Wednesday shows the full spread will run a party of 10 about 4.5% less in 2023 than in 2022. Her analysis, in fact, and the evolution of the farm bureau's Thanksgiving meal prices are a micro-version of the larger pandemic inflation story that households, elected officials and the Federal Reserve have been grappling with. The good news: The pace of change may remain slow going forward, with supply problems now largely sorted out and recent producer price data pointing to modest food inflation ahead. According to the farm bureau turkey prices are likely headed even lower after their survey. "Consumers who have not yet purchased a turkey may find additional savings in the days leading up to Thanksgiving," the organization said in a news release.

Persons: Betty Resnick, Resnick, Howard Schneider, Andrea Ricci Organizations: American Farm Bureau, Federal Reserve, Reuters, Federal, AAA, airfares, Consumers, Farm Bureau, Labor Department, Thomson

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