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Turkey Prices Climbed in October

However, Thanksgiving shoppers will likely see discounts

Thanksgiving is right around the corner and many Americans have already been heading to grocery stores across the country to prep for holiday feasts.

Sen. Marsha Blackburn (R-TN) and Sen. Ted Cruz (R-TX) recently claimed on Twitter that Thanksgiving turkey prices are up 17 percent this year because of inflation.

The claim that turkey prices are up 17 percent this year needs context. Prices for certain types of poultry, including turkey, are up nearly 17 percent this October compared to last October, data from the U.S. Bureau of Labor Statistics (BLS) show. But that number does not account for seasonal retailer discounts on turkeys that typically happen every November ahead of Thanksgiving. The increase in price is much lower with those discounts taken into account.

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