Price of Thanksgiving Dinner for 10 to rise 14% this year

 CNN online article

Thanksgiving dinner will cost 14% more this year, according to new survey by the American Farm Bureau Federation. Dinner for a family of 10 will cost on average $53.31 — up $6.41 from last year's average of $46.90 which was down 4% from 2019, the lowest in 10 years.

Several factors led to this year's increased pricing, including more Americans expected to cook at home as well as economic disruptions.

"These include dramatic disruptions to the US economy and supply chains over the last 20 months; inflationary pressure throughout the economy; difficulty in predicting demand during the COVID-19 pandemic and high global demand for food, particularly meat," said Veronica Nigh, senior economist with the American Farm Bureau Federation.

Thanksgiving items are running out of stock -- but don't panic

The biggest ticket item — turkey — is up 24% since last year. But there are a few caveats. Grocery stores started advertising lower prices later than usual this year.