Corn muffin mix is stocked and on display for Thanksgiving dinner items at a Pete's Fresh Market Tuesday, Nov. 2, 2021, in Glen Ellyn, Illinois. John J. Kim | Chicago Tribune | Tribune News Service | Getty Images There's going to be an extra guest at Thanksgiving dinner this year, making it more expensive than ever. It's inflation. In October, the consumer price index — a basket of goods — rose 6.2% from a year ago and hit a 30-year high, according to data from the U.S. Bureau of Labor statistics. And under those headline numbers, food costs rose 5.3% on the year, with the largest gains driven by price increases of meat, poultry, fish and eggs. "Inflation remains stubbornly high, to the surprise of many that expected prices to come back to earth sooner," said Ryan Detrick, chief market strategist at LPL Financial. "The truth is you can't shut down a $20 trillion economy and not feel some bumps as it restarts, but we are hopeful the supply chain issues will resolve over the coming quarters and inflation should calm down as well." The USDA is also projecting that food-at-home costs will be up 2.5% to 3.5% for the entirety of 2021. "I wouldn't be surprised if we see the Thanksgiving basket up about that percent," said Veronica Nigh, senior economist at the American Farm Bureau Federation. The expected increase will be a shock to many households already feeling the pressure of higher prices. In comparison, in 2020, the average price of Thanksgiving dinner declined 4% from the previous year to $46.90, or about $5 per person, according to the Farm Bureau. More from Invest in You: From investing basics to stashing cash, your money questions answered 'There will be billionaires made.' Why one NBA player is all in on crypto Here's an easy way to alleviate some of the anxiety in your life over money Why prices are going up There are a few reasons nearly all the ingredients seen in a Thanksgiving dinner will be more expensive this year. Supply chain issues have persisted throughout the pandemic and have raised . . . read the full article here.