Thanksgiving Dinner Costs Drop 5% in 2024, Led by Cheaper Turkey Prices
The average cost for a meal serving 10 people is $58.08, marking the second consecutive year of price declines, though costs remain higher than pre-pandemic levels.
- The American Farm Bureau Federation reports a 5% decrease in the average cost of a traditional Thanksgiving meal for 10 people compared to 2023, now totaling $58.08.
- Turkey prices have fallen by 6% from last year due to reduced demand, despite the smallest turkey flock since 1985 caused by avian influenza.
- Processed items like dinner rolls, cubed stuffing, and fresh cranberries saw price increases of up to 12%, driven by higher labor costs and other factors.
- Sweet potatoes, whole milk, frozen peas, and pumpkin pie mix experienced significant price drops, with sweet potatoes decreasing by 26.2%.
- Regional price variations persist, with the South offering the cheapest average meal at $56.81, while the West remains the most expensive at $67.81.
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