Thanksgiving dinner will cost 20% more this year because of inflation | CNN Business

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Here is what rising prices mean for your Thanksgiving

A feast for 10 with 12 menu items including a turkey, stuffing, cranberries, and pumpkin pie mix will cost $64.05 on average — up $10.74 from last year. That breaks down to about $6.50 per person, according to the annual survey. The price of a 16-pound turkey is $28.96 on average this year, up 21% from 2021, according to the survey. Inflation cooled last month but still remains elevated at 7.7% for the year ending in October.

Every Thanksgiving meal item tracked by the Farm Bureau rose in cost this year, except for one: cranberries. A 12-ounce bag of fresh cranberries dropped by 14% to $2.57. The biggest price increases were on stuffing, which is up a whopping 69%, and pie crusts and whipped cream — both up 26%, the survey said. The Farm Bureau also priced out an “expanded holiday menu” with additional items: ham, Russet potatoes, and frozen green beans, which would add an additional $17.25 to a meal for 10.

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