THANSKGIVING DINNER COSTS 14% MORE THAN LAST YEAR

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Key Points:

  • A survey from the Farm Bureau indicates the average cost of this year’s classic Thanksgiving feast for 10 is $53.31.
  • This is a 14% increase from last year’s average of $46.90.
  • The centerpiece on most Thanksgiving tables, the turkey, costs 24% more than last year at $23.99 for a 16-pound bird.
  • Prices have increased consistently over the last year, up 6.2% in October from the previous year.
  • Overall, the price of food has increased 5.3% in October from the previous year.
  • The Right Facts will continue to monitor inflation.
Source Farm Bureau