The American Farm Bureau Federation’s (AFBF) 38th annual survey says the average cost of this year’s Thanksgiving feast is $61.17. That’s less than $6.20 per person, down 4.5 percent from last year’s record high prices.
The survey accounts for the cost of a meal for 10 people including turkey, stuffing mix, pumpkin pie with whipped cream, peas, dinner rolls, sweet potatoes, a veggie tray, fresh cranberries, and other miscellaneous ingredients.
The cost of the meal’s main course fell by more than five percent, thanks to supplies rebounding after last year’s challenges with avian influenza.
“Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” said AFBF Senior Economist Veronica Nigh. “Turkey prices have fallen thanks to a sharp reduction in cases of avian influenza, which have allowed production to increase in time for the holiday.”
While consumers will welcome lower prices than they saw last year, inflation continues to be a factor as this year’s holiday meal still costs 25 percent more than it did in 2019.