A Thanksgiving Feast Costs a Little More This Year

By Lifestyle and BudgetFOXBusiness

A Thanksgiving feast with all of the fixings will cost a little more this year.

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Americans will spend an average of $50.11 on a Thanksgiving dinner for 10 people, an increase of 70 cents compared to a year ago, according to the American Farm Bureau Federation. The most expensive item, a 16-pound turkey, jumped $1.39 to $23.04 because an outbreak of the bird flu early in 2015 hurt turkey supplies.

Pumpkin pie mix, pie shells, bread stuffing and rolls also increased in price, although consumers will catch a break on dairy products. A gallon of whole milk will cost 51 cents less, and a half pint of whipping cream is down 6 cents.

Consumers will also save 30 cents on a collection of miscellaneous items, including coffee, butter, eggs, sugar and flour.

The AFBF said its 2015 survey was the first to tally a total Thanksgiving cost of more than $50. The estimate was compiled using prices at grocery stores in 32 states. The survey excluded store perks like free turkeys.

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