Survey Says Thanksgiving Meal Cost is Down from 2022; Remains Higher than Pre-Pandemic Levels

happy-thanksgiving-autumn-composition-with-leaves-ripe-pumpkin

Adrian, MI – According to the American Farm Bureau Foundation’s national Thanksgiving survey, 2023 will have the second most expensive Thanksgiving meal in the survey’s 38-year history.

A reduction in 4.5% of the Thanksgiving meal was predominantly driven by a reduced cost of turkey, but also by reductions in seven of eleven surveyed dinner items. Although survey prices have begun to come down, food price inflation remains a real issue and serves as a constraint on the budget of all U.S. consumers.

In the American Farm Bureau Federation’s 38th annual Thanksgiving dinner survey, they find that this year’s classic Thanksgiving feast for 10 will be $61.17, or approximately $6.12 per guest.

This represents a 4.5% decline from historically high prices last year, driven by a decline in the price of the Thanksgiving dinner centerpiece – the turkey. Despite the year-over-year relief, the cost is still 25% higher compared to 2019, prior to the COVID-19 pandemic.

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