A look at the price increases for your dinner this year

Taking a bite out of Thanksgiving

Americans are bracing for a costlier holiday this year, with inflation bringing steep increases in the price of food.

The American Farm Bureau Federation’s 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05, or just under $6.50 per person. That is a $10.74 increase, or 20%, from last year’s average of $53.31.

Wholesale turkey prices are at record highs after a difficult year for U.S. flocks. A particularly deadly strain of avian flu — first reported in February on an Indiana turkey farm — wiped out 49 million turkeys and other poultry in 46 states this year, according to the U.S. Centers for Disease Control.

According to the Farm Bureau, general inflation, which slashes the purchasing power of consumers, is a significant factor in the increase in the average cost of this year’s Thanksgiving dinner. General inflation has been running 7% to 9% in recent months, while the most recent consumer price index report for food consumed at home revealed a 12% increase over the past year.

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