Declining average food prices have driven the cost of a Thanksgiving feast down to its lowest level since 2010.
The American Farm Bureau Federation says the average nationwide cost of a holiday meal for 10 people is $48.90, or less than $5 per person.
The farm group's annual survey released Thursday says that's a 22 per cent decrease from last year's average, in nominal dollars.
'Since 2015, the average cost of Thanksgiving dinner has declined steadily and is now at the lowest level since 2010,' said Farm Bureau Chief Economist John Newton.
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Thanksgiving dinner prices have fallen 22 per cent from last year, thanks to an ample turkey supply, a new survey says. Pictured: Traditional Thanksgiving meal items in a stock image
Newton says an ample turkey supply is a big reason for the decline in prices.
Retail turkey prices are at their lowest since 2014, coming in at $21.71 for a 20-pound bird, or roughly $1.36 per pound.
Milk, fresh sweet potato, canned green pea and dinner-roll prices are also down.
The survey, based on a standardized menu, also found modest price increases for fresh cranberries, canned pumpkin pie mix and stuffing.
After adjusting for inflation, the cost of this year’s Thanksgiving dinner is the most affordable in more than a decade, the Farm Bureau said.
The shopping list for Farm Bureau’s informal survey includes turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.
The chart above shows the Farm Bureau survey's annual price for a Thanksgiving meal, in both inflation-adjusted dollars (green) and nominal dollars (yellow)
A total of 166 volunteer shoppers checked prices at grocery stores in 37 states for this year’s survey.
The volunteers were asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals, such as spending $50 and receiving a free turkey.
The Farm Bureau has been conducting the annual Thanksgiving dinner survey since 1986, and while it does not claim to be scientific, it does serve as an informal guide to food prices.
Link hienalouca.comhttps://hienalouca.com/2018/11/16/thanksgiving-dinner-prices-are-cheaper-this-year/
Main photo article Declining average food prices have driven the cost of a Thanksgiving feast down to its lowest level since 2010.
The American Farm Bureau Federation says the average nationwide cost of a holiday meal for 10 people is $48.90, or less than $5 per person.
The farm group’s annual survey ...
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Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
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