U.S. Thanksgiving-Dinner Costs Increase 1.3%, Farm Group Says

Thanksgiving dinner in the U.S. will be 1.3 percent more expensive this year because of higher prices for milk, whipping cream, pumpkin-pie mix and shells, sweet potatoes and pre-cooked rolls, the American Farm Bureau Federation said.

The average cost of the 12 items typically served during the holiday meal for 10 people will be $43.47, up from $42.91 last year, the federation said today in a statement. The price of a 16-pound turkey dropped to $17.66 from $18.65.

“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,” John Anderson, an economist at the farm group, said in the statement. “At $4.35 per person, our traditional Thanksgiving feast is still a better deal than most fast-food value meals.”

Before it's here, it's on the Bloomberg Terminal. LEARN MORE