Families can expect to pay 20 percent more to host a Thanksgiving dinner this year as food inflation continues to climb, the American Farm Bureau Federation (AFBF) stated in a new report.
According to the group’s 37th annual survey, the average cost of a Thanksgiving feast for 10 will be $64.05, or about $6.50 per person. This is up 20 percent, or $10.74, from last year.
The price for a 16-pound turkey surged 21 percent year-over-year to $28.96, driven by a wide range of factors, including the bird flu, diesel prices, labor shortages, and the cost of animal feed.
Farm bureau data show that the typical items gracing dinner tables everywhere or used to cook and bake have risen considerably. A four-pound ham, for example, has climbed by more than 7 percent to $11.64. A pumpkin pie mix has jumped by 17.51 percent to $4.28. A gallon of whole milk has increased by 16 percent to $3.84. Fourteen ounces of cubed stuffing spiked by nearly 70 percent to $3.88. Five pounds of russet potatoes have also surged by 23 percent to $3.64….