Current:Home > MyRobert Brown|What is the average cost of a Thanksgiving meal? We break it down. -Prime Capital Blueprint
Robert Brown|What is the average cost of a Thanksgiving meal? We break it down.
TradeEdge Exchange View
Date:2025-04-07 14:43:27
With Thanksgiving around the corner,Robert Brown shoppers are bracing themselves for the hefty price tag attached to a turkey dinner.
Labor and food production costs contribute to the increasing cost of produce this year, and food production costs are estimated to increase by 4.1%.
"While inflation is not as extreme as last year, it is still present and grocery store prices have still been somewhat variable," Bernt Nelson, an economist at the American Farm Bureau Federation, told USA TODAY in an email.
But how much should consumers expect to pay at the grocery store for this year’s Thanksgiving meal? Let's break that down.
Cost of turkey is down in 2023
The cost of turkey is expected to be lower this year, according to the American Farm Bureau Federation. Economists at the bureau found that the average price for an 8 to16 pound turkey typically served at Thanksgiving was $1.27 per pound in August 2023, 22% lower than the same time last year.
The lower cost of turkeys this year can be attributed to a drop in avian influenza cases and a recovering turkey population in the U.S., and increased truck availability this year has helped ease supply constraints reducing costs for the food industry, according to personal finance site, MoneyGeek.
Analysts at MoneyGeek expect a fresh, whole 10-pound turkey to cost around $19 this November.
Average price of Thanksgiving meal expected to slightly increase
Last year, the average cost of a Thanksgiving feast for 10 was $64.05, according to the Farm Bureau. Although 2023 estimates are not yet available, the Consumer Price Index shows food-at-home prices up 2.4% this year.
Even as the pace of rising grocery prices has slowed in recent months, the Bureau of Labor Statistics found that grocery prices were up nearly 17% in the past two years.
How expensive are Thanksgiving side dishes this year?
Although turkey prices are decreasing, side dishes are not following similar trends. Thanksgiving side dishes are expected to be 4% more expensive in 2023 compared to last year.
This is particularly true in the Seattle, Washington metro area where, purchasing two store-bought pumpkin pies will cost around $21, according to MoneyGeek.
How much did Thanksgiving ingredients cost in 2022?
According to the most recent data available, here is how much individual Thanksgiving ingredients cost in 2022.
- 16-pound turkey: $28.96 or $1.81 per pound
- 14-ounce bag of cubed stuffing mix: $3.88
- 2 frozen pie crusts: $3.68
- Half pint of whipping cream: $2.24
- 1 pound of frozen peas: $1.90
- 1 dozen dinner rolls: $3.73
- Misc. ingredients to prepare the meal: $4.13
- 30-ounce can of pumpkin pie mix: $4.28
- 1 gallon of whole milk: $3.84
- 3 pounds of sweet potatoes: $3.96
- 1-pound veggie tray (carrots and celery): 88 cents
- 12-ounce bag of fresh cranberries: $2.57
Thanksgiving meals to-go:Where to pre-order your family dinner
Cost of Thanksgiving:Report finds how much side dishes cost this year
veryGood! (6)
Related
- Could your smelly farts help science?
- Proof Jennifer Coolidge Is Ready to Check Into a White Lotus Prequel
- JoJo Siwa Details How Social Media Made Her Coming Out Journey Easier
- Climate Change Worsened Global Inequality, Study Finds
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- These 20 Secrets About the Jurassic Park Franchise Will Find a Way
- Mining Company’s Decision Lets Trudeau Off Hook, But Doesn’t Resolve Canada’s Climate Debate
- Mother singer Meghan Trainor welcomes second baby with husband Daryl Sabara
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Man was not missing for 8 years as mother claimed, Houston police say
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Warming Trends: Airports Underwater, David Pogue’s New Book and a Summer Olympic Bid by the Coldest Place in Finland
- Ohio groups submit 710,131 signatures to put abortion rights amendment on November ballot
- 2020 Ties 2016 as Earth’s Hottest Year on Record, Even Without El Niño to Supercharge It
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Persistent poverty exists across much of the U.S.: The ultimate left-behind places
- Drilling, Mining Boom Possible But Unlikely Under Trump’s Final Plan for Southern Utah Lands
- Ohio Weighs a Nuclear Plant Bailout at FirstEnergy’s Urging. Will It Boost Renewables, Too?
Recommendation
Skins Game to make return to Thanksgiving week with a modern look
Jennifer Lawrence's Red Carpet Look Is a Demure Take on Dominatrix Style
Yankees pitcher Jimmy Cordero suspended for rest of 2023 season for violating MLB's domestic violence policy
Net-Zero Energy Homes Pay Off Faster Than You Think—Even in Chilly Midwest
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Jennie Unexpectedly Exits BLACKPINK Concert Early Due to Deteriorating Condition
Shipping Lines Turn to LNG-Powered Vessels, But They’re Worse for the Climate
EPA Environmental Justice Adviser Slams Pruitt’s Plan to Weaken Coal Ash Rules