Thanksgiving inflation: Cost of turkey feast up 14%
Putting together a traditional Thanksgiving meal will cost about 14% more this year than it did in 2020.
A 16-pound turkey will set you back about $24, almost $5 more than the average cost a year ago, according to the American Farm Bureau's informal survey of prices at grocery stores across the country.
The ingredients for a "classic" Thanksgiving meal add up to $53, per the Farm Bureau. Add a ham and a couple more sides to the table, and the total rises to $65.
Inflation, supply-chain problems and "high global demand for food, particularly meat" have all contributed to the rising costs, Farm Bureau senior economist Veronica Nigh said in a release.
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