Date uploaded: 2021-11-21 01:07:41
Your Thanksgiving meal will be one of the most expensive with inflation at a 31-year high.
Nearly every ingredient in your holiday meal has a higher price tag this year, according to the American Farm Bureau Federation's annual Thanksgiving dinner cost survey. This can be blamed on inflation and supply chain disruptions.
The average cost of this year’s classic Thanksgiving feast for 10 is $53.31, more than $5 per person, the federation's survey shows. It's the priciest meal in the survey's 36 years and up 14% from $46.90 in 2020.
The U.S. Department of Agriculture estimates a 5% increase in prices for select Thanksgiving essentials selected for a similar comparison, similar to the 5.4% increase in the price of food at home, which was reported by the U.S. Bureau of Labor Statistics Nov. 10.
“We know that even small price increases can make a difference for family budgets, and we are taking every step we can to mitigate that,” Agriculture Secretary Tom Vilsack said in a statement Wednesday, adding that the price of a large turkey will cost $1 more than last year.
Find out what you can expect to pay for sweet potatoes and cranberries at the link in our bio.
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