KANSAS CITY — It’s most likely no shock that this yr’s Thanksgiving dinner will price greater than final yr’s meal. In response to the American Farm Bureau Federation’s thirty seventh annual Thanksgiving dinner value survey, hosts will spend roughly $64.05 to feed 10 individuals a standard Thanksgiving menu whereas guaranteeing there’s sufficient meals for leftovers. This value is about 20% larger than final yr and 37% larger than in 2020.
Roger Cryan, chief economist for the AFBF, mentioned a number of components, however principally normal inflation, was behind the rise in costs.
“Different contributing components to the elevated price for the meal embrace provide chain disruptions and the warfare in Ukraine,” Mr. Cryan mentioned. “The upper retail turkey price on the grocery retailer may also be attributed to a barely smaller flock this yr, elevated feed prices and lighter processing weights.”
The menu included one 16-lb frozen turkey, pumpkin pie combine, one-gallon of complete milk, carrots and celery, rolls with butter, pie shells, inexperienced peas, contemporary cranberries, whipping cream, candy potatoes and a 14-oz bag of cubed stuffing. Including supplemental vacation favorites like ham, russet potatoes and frozen inexperienced beans elevated the general price by 27% to $81.30.
Merchandise with the most important value leap included the bag of cubed stuffing combine at $3.88, up 69%, two frozen pie crusts at $3.68, up 26%, and a half pint of whipping cream at $2.24, up 26%. The one merchandise that was priced decrease was a 12-oz bag of contemporary cranberries at $2.57, down 14% from final yr.
The price of frozen turkeys elevated by 21% to $1.81 per lb, however costs usually decline as Thanksgiving approaches. The US Division of Agriculture’s Agricultural Advertising mentioned frozen turkeys in the course of the week of Nov. 3-9 have been priced at $1.11 per lb, down 37%, and the value additional dropped by 14% to $0.95 per lb in the course of the week of Nov. 10-16.
Buyers additionally seen that there have been regional value variations. The Thanksgiving meal was least expensive within the South at $58.42 and most costly within the West at $71.37. The meal price $64.02 within the Northeast and $64.26 within the Midwest.
The survey was performed by 224 volunteer buyers who assessed pricing knowledge from all 50 states and Puerto Rico at grocery shops by in-person visits, web sites and retailer apps. The patrons appeared for essentially the most economical merchandise with out using retailer promotions or coupons.