Get ready to add another stressor to your Thanksgiving holiday this year. The Farm Bureau reports that the cost of a Thanksgiving dinner for 10 people is up 14% over last year, averaging at $53.31.
The Farm Bureau's calculations include turkey, stuffing mix, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, coffee and milk, with enough for leftovers. The turkey itself costs 24% more than last year, the group says; it's $23.99 for a 16-pound turkey.
In order to find the average costs, the Farm Bureau used volunteer shoppers between Oct. 28 and Nov. 8. — but the group, which lobbies on behalf of the agricultural industry, acknowledged that prices have already fallen in the time since the survey was conducted. This year, many grocery stores lowered prices later in the year, so the price of a frozen turkey, for example, is actually a lot more affordable right now. At the time of the survey, the cost for a 16-pound bird was around $1.50 per pound. But over the last week, it had fallen to 88 cents per pound for a whole frozen turkey...MORE