Thanksgiving Dinner Cost Decreases to $58.08

The average cost of a Thanksgiving dinner for ten people has decreased to $58.08, down 5% from last year and reflecting a drop in prices for key ingredients, including turkey. Despite this decline, the overall cost remains 19% higher than pre-pandemic levels, illustrating persistent inflationary pressures. The American Farm Bureau Federation's annual survey indicates that reduced demand for turkey has contributed to lower prices, while other items like stuffing and cranberries have seen price increases. Additionally, holiday travelers are expected to save approximately $217 million this Thanksgiving due to the use of ethanol in gasoline, which is cheaper compared to non-ethanol blends. However, consumers in the West are facing higher Thanksgiving meal costs, averaging around $67.05. Overall, while families are benefiting from lower prices this year, economic challenges remain for many households.