FULL STORY: Here’s some welcome news: The American Farm Bureau says your Thanksgiving dinner should cost a little less than it did in 2023.
They crunch the numbers each year and look at around a dozen Thanksgiving staples, like turkey, stuffing, and pumpkin pie. They’ve been doing it for almost 40 years now.
According to the report, a basic Thanksgiving meal for 10 people will cost an average of $58.08, or $5.81 per person. That’s down 5% from a year ago.
It’s still 19% more than the same meal cost pre-pandemic. But they say if you adjust for inflation, it’s actually the second CHEAPEST it’s been since they started tracking prices in the mid-1980s. Back then, it cost $2.87 cents a person, but people earned a lot less.
Turkey is the most expensive item on their shopping list again. They say a 16-pounder will cost an average of $25.67 this year.
(Here’s a graphic with prices for all 11 items.)
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