Inflation bakes in higher costs to Thanksgiving dinner this year
It's not your imagination: Cooking a Thanksgiving feast will cost you more this year.
Driving the news: The national average cost of a holiday dinner for 10 is up 14% compared to last year, according to the American Farm Bureau Federation.
- A 16-pound turkey will set you back nearly $24, almost $5 more than the average cost last year.
Why it matters: Inflation, supply chain issues and "high global demand for food, particularly meat," have all contributed to the cost increases, Veronica Nigh, the bureau's senior economist, said in a release.
Details: Ingredients for a "classic" menu rose to $53 nationally, per AFBF. Add a few more items to your table, like ham and russet potatoes, and the price goes to $68.
- Yes, but: The Farm Bureau's math is based on feeding a 10-person gathering, which comes out to less than $6 a person.
Zoom in: Pennsylvania Farm Bureau spokesperson Bill Zeiders said rising transportation costs and inflation are driving up the price of Thanksgiving dinner staples in the state.
- The good news? "There will be plenty of turkeys to meet demand this year," Zeiders said, crediting turkey farmers who worked throughout the pandemic.
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