Inflation will be an unexpected guest at Thanksgiving dinner for American families.
A Thanksgiving meal for 10 will cost $64.05, a 20 percent increase from last year’s average of $53.31, the American Farm Bureau reports.
The centerpiece on most Thanksgiving tables – the turkey – is a big driver of the increase. The average price of a pound has increased 21 percent over last year, according to the Farm Bureau.
“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 Farm Bureau Chief Economist Roger Cryan.
Comparatively to a year ago, the consumer price index of food at home has increased by 12.4 percent. In the 12 most recent months, consumer prices have risen 7.7 percent.
The Farm Bureau’s survey of prices show:
- Price for a 16-pound turkey is $28.96, or $1.81 per Pound (up 21%)
- Cubed stuffing mixture 14-ounce bags: $3.88, up 69
- 2 frozen pie crusts $3.68, up 26%)
- A half pint of whipping Cream: $2.24
- One pound frozen peas $1.90
- 1 dozen dinner rolls: $3.73 (up 22%)
- Misc. Zutaten zur Zubereitung des Gerichts: $4.13 (up 20%)
- Pumpkin pie mix, 30-ounces: $4.28
- Whole milk. 1 gallon: $3.84, up 16%)
- Sweet potatoes 3 lb.
- 1-pound veggie tray (carrots & celery): 88 cents (up 8%)
The price of one core category is dropping. A 12-ounce bag of fresh cranberries is just $2.57, down 14 percent from a year ago.
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