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Thanksgiving prices still 25% higher than before lockdowns

The American Farm Bureau Federation found that the cost of the feast for the typical family of ten will be slightly over $61.17 this year, representing a price of roughly $6.12 for each guest.

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Thanksgiving in 2023 will be the second most expensive commemoration of the national holiday in nearly four decades due to the elevated food prices File Image.

The typical cost for a Thanksgiving dinner remains significantly higher than prices before the lockdowns three years ago, according to data from the American Farm Bureau Federation.

 

The agricultural organization and lobbying group found that the cost of the feast for the typical family of ten will be slightly over $61.17 this year, representing a price of roughly $6.12 for each guest. The prices, which have moderated since last year due to lower costs for turkey and other staples, still have witnessed a sustained increase from $48.91 in 2019.

 

 

“In the classic basket, seven of the eleven surveyed items saw a price decrease since last year, including turkey, cubed stuffing, frozen peas, cranberries, pie shells, whipping cream, and whole milk,” the analysis said. “The price of four items rose in price year-over-year: the relish tray, a mix of fresh celery and carrots, sweet potatoes, dinner rolls, and pumpkin pie mix.”

 

The average prices for turkey have indeed risen considerably in recent years, increasing from $0.89 per pound in 2019 to $1.55 per pound in 2022, according to data from the United States Department of Agriculture. Turkey supplies have been impacted by supply chain bottlenecks, as well as the spread of an avian flu strain which significantly decreased flock sizes last year.

 

With respect to regional pricing trends, Americans who celebrate Thanksgiving in the Midwest and the South can generally expect prices of $58.66 per family and $59.10 per family respectively. Americans in the West and Northeast, however, can respectively anticipate higher Thanksgiving dinner prices of $63.89 per family and $64.38 per family.

 

 

Thanksgiving in 2023 will be the second most expensive commemoration of the holiday in the nearly four decades since the American Farm Bureau Association started the annual metric. The economy has been throttled over the past three years by increased costs of living in sectors such as food and grocery, energy, and residential real estate.

 

“Although survey prices have begun to come down, food price inflation remains a real issue,” the organization concluded. “Food security plays a significant role in national security, and an abundant and reliable food supply is essential for any free nation.”