Thanksgiving dinner to cost almost 5% less this year
The Cost of Thanksgiving Dinner: A Reason to Celebrate
The Thanksgiving holiday is quickly approaching, and there’s good news for celebrators. This year’s dinner is not only expected to be just as delicious as last year’s, but it will also be more affordable!
According to the American Farm Bureau Federation, the average cost of Thanksgiving dinner for a table of 10 people will be $61.17. That’s a 4.5% decrease from last year’s average of $64.05. So, you can enjoy a scrumptious feast without breaking the bank!
Reasons for the Decrease in Costs
Veronica Nigh, a senior economist at AFBF, explains that the most significant factor contributing to the lower costs is the decrease in turkey prices. Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table. However, thanks to a sharp reduction in cases of avian influenza, turkey production has increased, resulting in lower prices.
Speaking of turkeys, this year’s average price for a 16-pound bird is $27.35. And here’s the best part: these numbers were compiled in early November, so the actual average price could be even lower by the time Thanksgiving rolls around!
Other Thanksgiving Essentials
While turkey takes the spotlight, there are other essential items that complete the Thanksgiving feast. Here’s a breakdown of their costs:
- Cranberry Sauce: $2.10 for a 12-ounce can
- Sweet Potatoes: $3.97 for a 3-pound bag
- Pumpkin Pie Mix: $4.44 for a 30-ounce can
- Stuffing: $3.77 for a 14-ounce box
If you’re planning to include boneless ham, Russet potatoes, and frozen green beans in your Thanksgiving spread, the average cost of your dinner will increase by $23.58, bringing the total to $84.75.
Survey Results
The data used for these calculations were gathered through 245 surveys conducted across the United States and Puerto Rico. Surveyors considered the best possible prices, without factoring in any deals or coupons.
So, get ready to indulge in a mouthwatering Thanksgiving dinner without worrying about breaking the bank. It’s time to give thanks for both the delicious food and the affordable prices!
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How has the decrease in the cost of Thanksgiving dinner benefited families?
An celebrate without breaking the bank.
The decrease in the cost of Thanksgiving dinner can be attributed to a few factors. First and foremost, the cost of turkey, a Thanksgiving staple, has significantly dropped. Farmers across the country have been able to increase production, leading to an abundant supply of turkeys. This increased supply has resulted in lower prices, making it more affordable for families to include this main dish in their Thanksgiving feast.
Additionally, the cost of other key ingredients such as potatoes, cranberries, and vegetables has also decreased. This can be attributed to favorable weather conditions that have allowed for larger crop yields and lower production costs. Farmers have been able to pass on these savings to consumers, resulting in lower prices at the grocery stores.
It is not just the main course and side dishes that are becoming more affordable. Desserts, another important part of a Thanksgiving meal, have also seen a decrease in cost. Prices for ingredients like flour, sugar, and butter have remained stable, making it easier for families to bake their favorite pies and cakes without breaking the bank.
The decrease in the cost of Thanksgiving dinner is undoubtedly good news for families across the country. It allows families to come together and celebrate without the added worry and burden of financial constraints. For many, Thanksgiving is a time to give thanks for what they have, and the decrease in the cost of the meal certainly gives families one more thing to be thankful for.
It is important to note that while the overall cost of Thanksgiving dinner has decreased, this may vary depending on where you live. Regional differences in food prices and availability can impact the final cost. However, the fact remains that overall, the average cost of Thanksgiving dinner has decreased nationwide.
The decrease in the cost of Thanksgiving dinner not only benefits families but also local economies. As families spend less on their Thanksgiving meal, they may have more disposable income to support local businesses. Whether it’s shopping for Black Friday deals or dining out in the days leading up to Thanksgiving, the decrease in the cost of the meal can have a positive ripple effect on the economy.
In conclusion, the decrease in the cost of Thanksgiving dinner is something to celebrate. It provides families with the opportunity to come together and enjoy a delicious meal without worrying about breaking the bank. From the decrease in turkey prices to lower costs of other key ingredients, this year’s Thanksgiving dinner is truly something to be thankful for. So, gather your loved ones, set the table, and enjoy a memorable and affordable Thanksgiving feast.
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