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  • Writer's pictureLucas Nava

Report: Americans to spend 20 percent more than Turkey Day 2021

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Americans can expect to pay more for Thanksgiving dinner than usual at the grocery store, according to the American Farm Bureau Federation.

"This year’s classic Thanksgiving feast for 10 will run you $64.05, up 20 percent from last year, according to Farm Bureau's 37th annual #ThanksgivingSurvey," the AFBF said in a tweet published on Wednesday.

According to Axios, 2022 prices for traditional Thanksgiving dinner foods will cost approximately 20% more than they did in 2021. The average cost for a 2022 Thanksgiving dinner for 10 is $64.05, while 2021's average cost was $53.31.

“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” said AFBF Chief Economist Roger Cryan. “Other contributing factors to the increased cost for the meal include supply chain disruptions and the war in Ukraine,” he added. Turkey prices can be attributed to "a slightly smaller flock this year, increased feed costs, and lighter processing weights,” Cryan added.

Data from the U.S. Bureau of Labor Statistics revealed that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4% during the month of October on a seasonally adjusted basis. Over the past 12 months, the "all items index" rose by 7.7% before seasonal adjustment, with the largest contributors being the increases in the indexes for shelter, food, and gasoline.

According to the AFBF, the cost of a 16-pound turkey in 2022 is approximately $28.96, a nearly 21% jump from the 2021 average of $23.99 for the same product. A 4-pound ham currently costs $11.64, up $10.87 from last year. Other significant price increases for certain products include the following: 69% for a 14-ounce bag of cubed stuffing mix, 11% for sweet potatoes, 23% for russet potatoes, 22% for dinner rolls, 26% for two frozen pie crusts, 18% for pumpkin pie mix, and 25% for green beans. The cost of Thanksgiving dinner has risen by approximately 32% since 2019.

The 2022 national average cost was calculated by the AFBF through 224 surveys completed with pricing data from all 50 U.S. states and Puerto Rico. Volunteer shoppers from the nationwide company checked prices both in-person and online using both grocery store mobile apps and websites. Said shoppers looked for the best available prices but didn't use special promotional coupons or purchase deals.

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