Between 2010 and 2011, the average price of Thanksgiving dinner for 10 people rose by more than $5, but this year's dinner cost only rose 28 cents from last year, according to the American Farm Bureau Federation.
“At just under $5 per person, the cost of this year’s meal remains a bargain,” Bob Stallman, American Farm Bureau Federation president and rice and cattle producer from Texas, said in a prepared statement.
In 1986, the average cost of a Thanksgiving meal for 10 people was $28.74, according to Nooga.com archives.
The average last year was $49.20, up from 2010's average of $43.47.
—Miscellaneous items such as onions, eggs, sugar, flour, evaporated milk and butter increased to $3.18.
—A dozen brown-and-serve rolls increased by 3 cents to $2.33.
—A half pint of whipping cream decreased 13 cents to $1.83.
—A 14-ounce package of cubed bread stuffing decreased by 11 cents to $3.15.
—A gallon of whole milk decreased 7 cents to $3.59.
—Fresh cranberries decreased 3 cents to $2.45.
—One pound of green peas decreased by 2 cents to $1.66.
—A 30-ounce can of pumpkin pie mix and two 9-inch pie shells decreased by 2 cents to $5.53.
Source: American Farm Bureau Federation
According to the American Farm Bureau Federation's 27th annual informal price survey of traditional Thanksgiving dinner items—such as turkey, stuffing, cranberries, pumpkin pie and basic trimmings—the average cost to feed 10 people this year is $49.48.
That's less than a 1 percent increase from last year, according to the federation's survey.
The average cost for a 16-pound turkey this year is $22.23.
That's 66 cents more per turkey than last year. The cost of turkey represented the largest price increase over last year, according to the federation.
Turkey prices have increased more than the cost of most other grocery store foods, according to the U.S. Department of Agriculture.
Between 2005 and 2011, the average retail cost of a turkey rose 47 percent.
The increase is connected to higher feed costs and energy prices, which led turkey producers to reduce inventories. That leads to a price increase, according to the Department of Agriculture.
“Thanksgiving dinner is a special meal that people look forward to all year,” John Anderson, American Farm Bureau Federation’s deputy chief economist, said in a prepared statement. “Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings. A slight increase in demand for turkey is responsible for the moderate price increase our shoppers reported for the bird.”