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The cost of a traditional Thanksgiving dinner for ten people has decreased by five percent this year, according to the American Farm Bureau Federation (AFBF). This decline marks the third consecutive year of falling prices for the holiday meal. The AFBF's annual survey reports that the average cost of the meal is now $55.18, down from $58.08 in 2024.
A significant factor in the price drop is the cost of a 16-pound turkey, which has fallen by 16 percent to $21.50. Although wholesale prices for fresh turkey have increased due to challenges in the poultry sector, grocery stores have implemented Thanksgiving deals to boost consumer demand, resulting in lower retail prices for frozen turkeys, the most commonly used for the holiday meal.
While the turkey price decreased, some side dishes have seen price increases. Sweet potatoes, frozen green peas, and fresh vegetables like carrots and celery have become more expensive, partly due to higher production costs for farmers. Factors such as increased expenses for fertilizer, fuel, machinery, and labor have contributed to these price hikes. Additionally, Hurricane Helene's impact on North Carolina, a major sweet potato producer, has led to reduced yields and tighter supplies.
Despite these challenges, other items like cubed stuffing, fresh cranberries, and dinner rolls have seen price reductions, helping to offset the increased costs of certain side dishes. The AFBF survey, which has been conducted since 1986, continues to provide insights into the evolving costs and trends of the traditional Thanksgiving meal.