I viewed the AFBF’s 27th annual informal price survey of classics found on the Thanksgiving dinner table, which shows that the average expected cost of this year’s dinner for 10 people is $49.48. That is only a 28-cent price increase from last year’s average of $49.20. If you are feeding 10 people the cost would be under $5 a person, so expense really isn’t a problem this year.
The most expensive item this year will be the turkey. It came in at about $22.23, with an increase of 66-cents per whole turkey more than last year. Since 1986, the yearly average for a traditional Thanksgiving dinner for 10 people has increased by about $20.74.
The good news for most Americans is that they will pay about the same as last year when shopping at the grocery store for a turkey and trimmings. Those who are looking for a lesser priced turkey can look for special sales and promotions closer to Thanksgiving time.
American consumers have enjoyed the stable food costs over the years. This Thanksgiving while you are eating your turkey and the rest of your meal remember those who made the meal possible at such a stable price, farmers.
Thank a farmer this THANKSgiving holiday.