Inflation will be an unexpected guest at Thanksgiving dinner for American families.
An average Thanksgiving dinner for 10 people will cost $64.05, which is a 20% increase over last year’s $53.31 average, according to the American Farm Bureau .
This is due to the popularity of turkey, the centerpiece of most Thanksgiving tables. The average price per pound has increased 21 percent over last year, according to the Farm Bureau.
Roger Cryan, Chief Economist at Farm Bureau, stated that general inflation which reduces the purchasing power of consumers was a major factor in the rise in the average Thanksgiving dinner cost.
Comparatively to a year ago, the consumer price index for food at home has increased by 12.4 percent. Over the past 12 months, the broad index of consumer price is up 7.7 per cent.
Survey results from the Farm Bureau on prices indicate:SUBSCRIBE
You agree to our terms and privacy policies by subscribing. To the email address you have provided, Breitbart News Network will send marketing emails. You can unsubscribe at anytime.
- 16-pound turkey $28.96 or $1.81 a pound (up 21%)
- Cubed stuffing mix 14-ounce bag: $3.88 (up 69%).
- 2 frozen pie crusts $3.68 (up 26%)
- Half pint whipping cream $2.24 (up 26%)
- 1 lb frozen peas $1.90 (up 23%)
- 1 dozen dinner rolls: $3.73 (up 22%)
- Misc. Ingredients to prepare the meal: $4.13 (up 20%)
- Pumpkin pie mix, 30-ounce can: $4.28 (up 18.%)
- Whole milk at $3.84 per gallon (up 16%)
- 3 lb sweet potatoes $3.96 (up 11%)
- 1-pound vegetable tray (carrots and celery): 88c (up 8%).
One core category is seeing a drop in its price. Fresh cranberries in 12-ounce bags are now only $2.57 per ounce, down 14 percent compared to a year ago.
