The star of the Thanksgiving dinner — the turkey — pushed the overall cost of an average family's meal up slightly this year, according to an annual survey by the American Farm Bureau Federation.
Consumers are expected to spend $49.48 for this year's feast, a 28-cent increase compared to last year's average, but still under $5 a person. The 16-pound turkey was the biggest contributor to the price increase; the average bird will cost $1.39 a pound, up 4 cents per pound from last year.
But shoppers may pay less for frozen turkeys, according to the bureau's 155 volunteer shoppers who checked prices at grocery stores in 35 states for this year's survey.
“Turkeys may still be featured in special sales and promotions close to Thanksgiving,” said John Anderson, deputy chief economist for the bureau. “Anyone with the patience to wait until the last minute to buy a turkey for Thanksgiving could be rewarded with an exceptional bargain.”
Steve Cramer, general manager of Whole Foods Market in Oklahoma City, noted that the only traditional Thanksgiving dinner item that increased in price this year was organic turkeys. Instead of raising the price of the store's complete meal package, the price remained the same but this year, it doesn't include bread or dessert. The complete meal costs $129 and feeds 4 to 6 people.
Continue reading this story on the...