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Give thanks in all things -- even higher prices

Chris Woodward   (OneNewsNow.com) Monday, November 19, 2012

The price of this year's Thanksgiving dinner is up from last year, with some items costing more than others.

John Anderson, deputy chief economist of the American Farm Bureau Federation (AFBF), reports that the cost of a ten-serving Thanksgiving dinner will be $49.48 -- an increase of 28 cents from last year.

"Farm Bureau calculates the national average Thanksgiving dinner price from the results of surveys sent in by volunteer shoppers," Anderson explains. "We have members around the country who go out in their local store and report the prices that they find there on this market basket of items."

This is the 27th year the informal survey has been taken.

"If you look across the basket, there were a few items up, a few items down overall," the economist details. "The one that probably moved the most was the turkey. Obviously, that's the centerpiece of the Thanksgiving dinner, so it has a lot of weight in the total cost of the dinner. Turkey price was up about three percent from a year ago."

The survey shopping list (see below) includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream and beverages of coffee and milk.

2012 Thanksgiving price chart (AFBF)


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