Farm Bureau: Thanksgiving Dinner Cost Up 20%
According to the American Farm Bureau Federation’s 37th annual Thanksgiving Dinner survey, which looks at the cost of the meal for ten, this year’s turkey dinner will cost roughly 20% more than last year, and 36% higher than 2020. This year’s price tag is $64.05, that’s an increase of more than ten dollars from last year’s average of $53.31. AFBF chief economist Roger Cryan said there are several factors pushing those prices higher.
“Part of the increases have come from general inflation, which is a real burden on everybody for everything. Part of it has come from some of the challenges in the food supply chain, including the disruption of war around the world and difficulties of just meeting a rise in demand in a recovering world economy. But it is still wonderful to live in a country where Thanksgiving supper like that is relatively affordable, and we give our thanks every year for this."
However, Cryan said if you’re looking to save a bit of money on the meal, there are things you can do when visiting your local grocery store.
“Every year there are opportunities to save and save money by comparison shopping. There's a range of results in our surveys, there could be a relatively wide range in these. I would say that shopping later for your turkey can sometimes get you a pretty good deal. Although you want to make sure that you don't get frozen turkey too close to Thanksgiving so you can get it thawed before it’s time to cook.”
For more on this year's Thanksgiving meal, visit the American Farm Bureau's Website.
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