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Data: American Farm Bureau Federation; Chart: Sarah Grillo and Will Chase/Axios; Note: Milk was removed from our analysis, resulting in minor differences between our totals and those reported by the Farm Bureau Federation

Putting together a traditional Thanksgiving meal will cost about 14% more this year than it did in 2020.

Why it matters: Thanksgiving inflation, according to price estimates from the American Farm Bureau, is even greater than the overall increase in the cost of food.

Details: A 16-pound turkey will set you back about $24, almost $5 more than the average cost a year ago, according to the American Farm Bureau's informal survey of prices at grocery stores across the country.

  • The ingredients for a "classic" Thanksgiving meal add up to $53, per the Farm Bureau. Add a ham and a couple more sides to the table, and the total rises to $65.
  • Inflation, supply-chain problems and "high global demand for food, particularly meat" have all contributed to the rising costs, Farm Bureau senior economist Veronica Nigh said in a release.

Yes, but: The Farm Bureau's math is based on the quantities of food you'd need to feed 10 people, and for a 10-person gathering, a $53 meal would still come out to less than $6 per person.

What's next: Shortages and supply-chain problems are likely to persist throughout the holiday season.

Go deeper

Updated Nov 25, 2021 - Economy & Business

America's most vegan Thanksgiving ever

A vegan "turkey" Thanksgiving meal. Photo: Suzanne Kreiter/The Boston Globe via Getty Images

Vegan bakers and chefs across the country are facing unprecedented demand as households prepare to cater to a growing number of vegans, vegetarians and "flexitarians" at Thanksgiving this year.

Why it matters: With the continued rise of plant-based meat sales and more meat-eaters opting for alternative meat products, this year's Thanksgiving is set to be America's most vegan-friendly yet.

Updated Nov 28, 2021 - Politics & Policy

Dems fear supply-chain blame

Illustration: Aïda Amer/Axios

As supply-chain kinks drive up prices and disrupt holiday shopping, Democrats are scrambling to show action and deflect blame.

Why it matters: With their party controlling both the White House and Capitol, vulnerable Democrats worry supply-chain snafus will hurt them in next year's midterms.

Biden administration makes first move on data privacy

Illustration: Sarah Grillo/Axios

The Biden administration is launching its first big effort on privacy policy by looking at how data privacy issues affect civil rights.

Why it matters: An administration perspective on privacy policy could be key in developing a long-awaited national privacy law by putting the White House stamp on how to regulate privacy.