In a press briefing on Monday, White House press secretary Karine Jean-Pierre highlighted what she called "important progress" in reducing costs for American families preparing for Thanksgiving this year. However, concerns over rising prices and inflation since President Biden's election in 2020 cast a shadow over the victory lap.

Jean-Pierre showcased a hypothetical Thanksgiving menu while discussing the administration's achievements. She pointed out that gas prices have dropped by $1.70 from their peak in June 2022, and airline ticket prices have decreased by 13% compared to last year. Car rental prices also saw a roughly 10% decline.

The press secretary also noted that grocery prices have experienced the lowest inflation in more than two years. Staple items like eggs, milk, bacon, and fresh vegetables are now more affordable on average compared to 2022.

Jean-Pierre referenced a report from the American Farm Bureau Federation (AFBF), indicating a 4.5% decline in the price of the "classic Thanksgiving feast for 10" compared to last year. Turkey prices played a significant role in this reduction. However, data from the AFBF also revealed that Thanksgiving prices have increased by 30% since 2020, with 2019 seeing a 25% hike in the traditional meal's cost.

The Republican National Committee responded to the White House's claims, drawing attention to the significant price increases for Thanksgiving meals in recent years. They highlighted that this year's meal is the second-most expensive in the survey's 38-year history.

Critics have also pointed out the discrepancy between the administration's messaging and the reality of wage growth and inflation. Jean-Pierre celebrated rising wages under President Biden, claiming that Thanksgiving meals are now the fourth-cheapest ever as a percentage of average earnings.

However, data from the US Bureau of Labor Statistics reveal that hourly wages have only increased by around 13%, while inflation has risen by 17% since the beginning of Biden's term. Congressional Republicans have argued that real wages have actually decreased by nearly 4% since January 2021 due to inflation caused by substantial federal spending.

In his address on health care costs in August, President Biden, 81, celebrated the decrease in inflation to 3% - the lowest among the world's leading economies. However, critics pointed out that this came after overseeing a 40-year high in 2022.

The White House continues to emphasize that lowering inflation is a top economic priority. A spokesperson acknowledged that while progress has been made, concerns remain. Wage growth and inflation trends are at the forefront of conversations about the financial well-being of American workers.

While the White House highlights achievements in reducing certain costs for Thanksgiving, the broader context of rising prices and inflation dampens the celebratory tone. As American families gather to give thanks, the impact of economic factors on their wallets remains a pressing concern.