The American Farm Bureau Federation reports that menu items for a classic Thanksgiving dinner including turkey, stuffing, cranberries, pumpkin pie and all the basic trimmings increased about 1.3% in price this year. AFBF's 25th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year's feast for 10 is $43.47, a 56-cent price increase from last year's average of $42.91. This year's meal is actually $1.14 cheaper than what shoppers paid two years ago, when the total was $44.61.
AFBF Economist John Anderson, says turkey prices are down some this year. This suggests that retailers are being fairly aggressive in featuring turkeys in special sales and promotions. Overall, the change in the price of this year's Thanksgiving dinner is basically in line with the modest changes that we've seen in the overall price level this year. Anderson added that at $4.35 per person, our traditional Thanksgiving feast is still a better deal than most fast-food value meals, plus it's a wholesome, home cooked meal.
"Our farm and ranch families are honored knowing that again this year Americans will celebrate Thanksgiving by gathering with their families around the traditional feast," AFBF President Bob Stallman said. "It is fitting that the food we produce from our land is a focal point of our nation's thankful celebration of its collective bounty."