Here’s How Much More Thanksgiving Dinner Will Cost This Year
Americans feeling inflation’s pinch better brace themselves for the cost of hosting Thanksgiving, which surged 20 percent since last year.
According to a newly released Farm Bureau survey, the average cost for a family of 10 this year is $64.05—a $10.74 or 20 percent increase from last year, when the average cost was $53.31.
“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” said AFBF Chief Economist Roger Cryan. . .
An updated Thanksgiving meal, which considers the addition of ham, russet potatoes, and green beans, brings the total to $81.30 for a family of 10, up from $68.72 last year, or an increase of 18 percent.
Regional differences were also considered in the survey, with Southerners enjoying the most affordable classic Thanksgiving dinner at $58.42, followed by the Northeast at $64.02, the Midwest at $64.26, then the West at $71.37. (Read more from “Here’s How Much More Thanksgiving Dinner Will Cost This Year” HERE)
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