The American Farm Bureau Federation’s 39th annual survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $58.08 or about $5.80 per person.
Cooking a Thanksgiving feast for your friends and family will cost less than last year but will still be more expensive than before the pandemic when it was $48.91 in 2019.
This is a 5% decrease from 2023, which was 4.5% lower than 2022. Two years of declines don’t erase dramatic increases that led to a record high cost of $64.06 in 2022.
Despite the encouraging momentum, a Thanksgiving meal is still 19% higher than it was in 2019, which reflects the impact inflation has had on food prices – and farmers’ costs – since the pandemic.
The centerpiece on most Thanksgiving tables – the turkey – helped bring down the overall cost of dinner. The average price for a 16-pound turkey is $25.67. That is $1.60 per pound, down 6% from last year.
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