Report: Thanksgiving dinner cost down for third year in a row

National
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A recent report from the American Farm Bureau Federation (AFBF) says the average cost of a Thanksgiving dinner is down for the third straight year.

The AFBF’s 33rd annual survey of classic items found the average cost of this year’s feast for 10 is $48.90, which is less than $50 a person. This is a 0.22 cent decrease from the 2017 average of $49.12.

“Since 2015, the average cost of Thanksgiving dinner has declined steadily and is now at the lowest level since 2010,” said AFBF Chief Economist Dr. John Newton.

The turkey costs slightly less than last year as well, coming in at $21.71 for a 16 lb. bird. This is roughly $1.36 per pound, which is down 3 percent from last year.

The survey results show that retail turkey prices are the lowest since 2014.

The shopping list for the informal survey includes turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, coffee and milk, all in quantities that would serve a family of 10, with leftovers. 

Foods showing the largest decreases this year in addition to turkey were a gallon of milk, $2.92; a 3-pound bag of sweet potatoes, $3.39; a 1-pound bag of green peas, $1.47; and a dozen rolls, $2.25.

The stable average price reported this year for a classic Thanksgiving dinner tracks with the government’s Consumer Price Index for food eaten at home. After adjusting for inflation, the cost of this year’s Thanksgiving dinner is $19.37, the most affordable in more than a decade. 

The AFBF Thanksgiving dinner survey was first conducted in 1986. For more on the survey, click here.

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