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Families can expect to pay 20 percent more to host a Thanksgiving dinner this year as food inflation continues to climb, states the American Farm Bureau Federation (AFBF) 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 more than 7 percent, to $11.64. Pumpkin pie mix has jumped 17.51 percent, to $4.28. A gallon of whole milk has increased 16 percent, to $3.84. Fourteen ounces of cubed stuffing spiked nearly 70 percent, to $3.88. Five pounds of russet potatoes have also surged, by 23 percent, to $3.64....