Feast for Less: 2023 Thanksgiving Dinner Costs Drop, Yet Inflation’s Bite Lingers


FILE - A plate of roasted turkey and gravy, stuffing, mashed potatoes, and glazed carrots appears in Concord, N.H., on Oct. 2, 2012. The Associated Press-NORC Center for Public Affairs Research looks at the state of the country's Thanksgiving favorites. (AP Photo/Matthew Mead, File)
Reading Time: < 1 minute

According to the American Farm Bureau Federation’s 38th annual study, you can expect a lighter impact on your wallets this Thanksgiving compared to last year.

The average cost for a classic holiday feast for 10 is now $61.17. It marks a 4.5 percent decrease from 2020’s record high. However, prices are still up by 25 percent compared to 2019, reflecting the ongoing challenges of high supply costs and inflation.

A major contribution to this year’s cost reduction is the turkey. Traditionally the most expensive item on the table, the average price for a 16-pound turkey is down 5.6 percent from last year at $27.35. The Farm Bureau survey includes all the staples, stuffing sweet potatoes, rolls, peas, cranberries, a veggie tray, and pumpkin pie.

But if you wanna include things like boneless ham, russet potatoes, and frozen green beans, it brings your cost up to $84.75.

Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

advanced divider
advanced divider