Cheaper turkeys help bring down Thanksgiving dinner costs this year
CNN
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday.
Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday. The average cost of this year’s dinner for 10 people is $58.08, or about $5.80 per person, the survey found. That’s a 5% drop from 2023. The center piece of the Thanksgiving meal, the turkey, helped bring down the overall cost. The average price for a 16-pound turkey is $25.67, down 6% from last year. “The turkey is traditionally the main attraction on the Thanksgiving table and is typically the most expensive part of the meal,” said Bernt Nelson, an economist at the American Farm Bureau Federation (AFBF), said in a statement. “The American turkey flock is the smallest it’s been since 1985 because of avian influenza, but overall demand has also fallen, resulting in lower prices at the grocery store for families planning a holiday meal.” The American Farm Bureau’s Thanksgiving meal includes 12 common items used in a Thanksgiving meal, most of which decreased in price, reflecting price volatility in crops this year, the AFBF said. The price of whole milk dropped more than 14% from last year to $3.21 a gallon because of better weather for dairy farmers and cows. Frozen peas dropped 8.1% to $1.73 for a pound, and celery and carrots fell by 6.4%.
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