Report Reveals How Much the Average Cost of a Thanksgiving Meal Increased Over the Last Year
The average cost of a Thanksgiving meal has gone up over the last year, according to a report. According to the Farm Bureau , the average cost of a Thanksgiving meal for 10 people has reached roughly $64.00. The Bureau…
The average cost of a Thanksgiving meal has gone up over the last year, according to a report.
According to the Farm Bureau, the average cost of a Thanksgiving meal for 10 people has reached roughly $64.00.
The Bureau noted the cost marks a $10.74 or 20% increase from the 2021 average of $53.31.
According to the report, a 16-pound bird costs $28.96.
That is an increase of 21% from last year.
AFBF Chief Economist Roger Cryan explained, “General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner.”
He added, “Other contributing factors to the increased cost for the meal include supply chain disruptions and the war in Ukraine.”
According to Cryan, “The higher retail turkey cost at the grocery store can also be attributed to a slightly smaller flock this year, increased feed costs and lighter processing weights.”