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Farm group says cost of Thanksgiving will rise slightly from last year

Friday, November 12, 2010

The price of a Thanksgiving meal will rise slightly this year compared to last.
The price of a Thanksgiving meal will rise slightly this year compared to last.

With the holiday season fast approaching, Americans across the country are gearing up for everyone's favorite day to indulge, and more often than not, overindulge: Thanksgiving. A new report issued today says that on average, Thanksgiving dinner will be slightly more expensive than in 2009.

The American Farm Bureau Federation said in a statement today that Thanksgiving dinner in the U.S. will be 1.3 percent higher this year than last. The AFBF attributed the slight increase to higher prices in milk, whipping cream, pumpkin-pie mix and shells, sweet potatoes, and pre-cooked rolls. Last year, the average cost for a 12-item holiday meal for ten people was $42.91 – this year it is expected to rise to $43.47.

Analyst at the AFBF, John Anderson, said that the difference in price for "this year's Thanksgiving dinner is basically in line with the modest changes that we've seen in the overall price level this year." Anderson further noted that per-person, a "tradition Thanksgiving feast is still a better deal than most fast-food value meals."

The group also reported that the price of a 16-pound turkey fell from $18.65 in 2009 to $17.66 this year. The price of Tums is unchanged.

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