The American Farm Bureau (AFB) reports that the cost for a Thanksgiving dinner went up in 2019: By exactly one penny.
Per AFB, the average cost of Thanksgiving dinner for 10 people is $48.91, up from $48.90 last year. This nominal increase follows three years of declines from 2016 through 2018.
One of the ingredients helping keep costs down is turkey: Per pound, the cost of turkey is down about 4 percent year on year—assuming a healthy-sized 16-pound bird. Retail turkey prices are at a nine-year low. Per AFB, turkey will be featured in 95 percent of Thanksgiving meals.
Among other ingredients, prices for bread for stuffing and pumpkin pie mix are down, while rolls, sweet potatoes, and milk are slightly more expensive.
Adjusting for inflation, the cost of the hypothetical dinner has dropped in the last four years and has been on the decline since a recent peak in 2011.