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By Samantha Ayoub & Bernt Nelson, Economists, American Farm Bureau Federation
Americans stocking up for this year’s Thanksgiving dinner will see a dip in their grocery bills for the second year in a row. The 39th annual American Farm Bureau Federation (AFBF) Thanksgiving dinner survey finds that the classic feast for 10 will run you $58.08, down 5% from last year.
However, this is still 19% higher than five years ago. While consumers are getting some much-needed relief after years of elevated retail prices, these grocery bills also reflect some hard conversations around the dinner table for farm and ranch families.
The Thanksgiving Dinner Survey
For one week each year, volunteer shoppers from all 50 states and Puerto Rico visit their local grocery store (or local store’s website) to survey the prices of items used in a classic Thanksgiving feast. Since 1986, these volunteers have collected price data on turkey, cubed stuffing, sweet potatoes, dinner rolls, frozen peas, fresh cranberries, celery, carrots, pumpkin pie mix and crusts, whipping cream and whole milk.
To read the entire report, Click Here.
