Thanksgiving dinner costs on average up more than 20%

by Kim Souza (ksouza@talkbusiness.net)

Consumers should not be surprised that a Thanksgiving dinner for a party of 10 will cost more than 20% this year thanks to inflation, fueled in part by higher prices charged by food companies.

The overall cost is roughly $6.50 per person or $64.05 this year for a traditional Thanksgiving day turkey dinner, up from $53.31 last year. According to the American Farm Bureau (AFB) survey, higher prices are not dampening plans to celebrate. Families who will also add ham, russet potatoes and green beans to their overall meal will spend on average $81.30, a gain of 18% over last year’s average price of $68.72, AFB reported.

“Spending time with family and friends at Thanksgiving remains important for many Americans, and this year the cost of the meal is also top of mind,” according to Roger Cryan, AFB chief economist.

https://talkbusiness.net/2022/11/thanksgiving-dinner-costs-on-average-up-more-than-20/