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Thanksgiving dinner costs are down again

20 November 2018

The American Farm Bureau Federation’s 33rd annual survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast is down 22-cents from last year’s average of $49.12

AFBF Chief Economist Dr John Newton explained that the average cost of Thanksgiving dinner has been decreasing for the last three years and now costs are their lowest since 2010.

The featured food on most Thanksgiving tables – the turkey – cost slightly less than last year, coming in at $21.71 for a 16-pound bird. That’s roughly $1.36 per pound, down three percent from last year. The survey results show that retail turkey prices are the lowest since 2014.

“Thanks to an ample supply, turkey remains affordable for consumers, which helps keep the overall cost of the dinner reasonably priced as well,” Dr Newton said.

The stable average price reported this year by Farm Bureau for a classic Thanksgiving dinner tracks with the government’s Consumer Price Index for food eaten at home. But while the most recent CPI report for food at home shows a 0.1 percent increase over the past year (available online) the Farm Bureau survey shows a decline of less than 1 percent.

After adjusting for inflation, the cost of this year’s Thanksgiving dinner is $19.37, the most affordable in more than a decade.

ThePigSite News Desk



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