The American Farm Bureau Federation released their 31st annual informal price survey of Thanksgiving dinner items.
The survey indicates the average cost of this year’s feast for 10 is $49.87, a 24-cent decrease from last year’s average of $50.11.
The big ticket item – a 16-pound turkey – came in at a total of $22.74 this year. That’s roughly $1.42 per pound, a decrease of 2 cents per pound, or a total of 30 cents per whole turkey, compared to 2015.
“Consumers will pay less than $5 per person for a classic Thanksgiving dinner this year,” AFBF Director of Market Intelligence Dr. John Newton said. The AFBF survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.
The average price is down slightly from last year to $49.87. After adjusting for inflation, the cost of a Thanksgiving dinner fell to $20.66 – the lowest level since 2010.
Although the classic Thanksgiving meal priced by Farm Bureau is considered modest by some, “we’re fortunate to live here in America, where many people are able to enhance their holiday meals with another type of meat or additional side dishes or desserts,” Newton said.
The stable average price reported this year by Farm Bureau for a classic Thanksgiving dinner tracks closely with the government’s Consumer Price Index for food eaten at home