Turkey Day Inflation: Thanksgiving Dinner Up 13% Over Last Year

Mac Slavo
November 22nd, 2011
SHTFplan.com
33 Comments

A new report from the American Farm Bureau Federation says that Thanksgiving dinner will cost Americans 13% more this year than it did in 2010, yet another indicator that price inflation with respect to necessities like food and energy is not a transitory phenomenon.

The retail cost of menu items for a classic Thanksgiving dinner including turkey, stuffing, cranberries, pumpkin pie and all the basic trimmings increased about 13 percent this year, according to the American Farm Bureau Federation.

AFBF’s 26th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.20, a $5.73 price increase from last year’s average of $43.47.

In addition, “the era of grocers holding the line on retail food cost increases is basically over,â€