November 26, 2022
Thanks, inflation: Thanksgiving dinner costs 20% more
Thanksgiving dinner will be taking a much bigger bite out of your grocery bill this year.

In fact, the cost of buying a turkey and the trimmings to feed a family of 10 is the highest it’s been years, according to the latest American Farm Bureau Federation survey. The Farm Bureau’s 37th annual survey puts the average cost of a classic Thanksgiving feast at $65.04 this year, which is a $10.74, or 20%, increase over last year’s average $53.31 tab.

And it’s well above the 2020 price tag — the cheapest Thanksgiving in a decade — which had weighed in at just $46.90.

Blame inflation — not to mention several factors, including bird flu and record-high feed prices, driving up the price of turkeys this year. In fact, every single item on the Farm Bureau’s

Thanksgiving shopping list — except for the fresh cranberries — costs more than it did last year.

“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” said AFBF chief economist Roger Cryan, in a statement. “Other contributing factors to the increased cost for the meal include supply-chain disruption and the war in Ukraine.”

Story Date: November 21, 2022
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