Americans, be ready! You’re going to have the second most costly Thanksgiving meal ever next week. That’s the opinion of the top agricultural lobbying organization in the nation.
Prepare to pay a higher price for your Thanksgiving dinner in 2023! The typical American will spend 25% more than they did in 2019, according to the American Farm Bureau Federation. This price increase coincides with the end of the administration of former President Donald Trump, who fortunately avoided the difficulties posed by the epidemic.
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The AFBF estimates that next Thursday will cost an average of $61.17 to feed ten people nearby at a table, which “reflects historically high cost.”
The cost is a little lower than it was a year ago.
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Spend very little this Thanksgiving! The AFBF’s annual study indicates that, in the Trump economy, Thanksgiving dinner costs $53.31 in 2019. Find out how much this year may save you.
The group noted, “As Americans prepare for Thanksgiving, they’ll see some relief in food prices for their Thanksgiving dinner. In the American Farm Bureau Federation’s 38th annual Thanksgiving dinner survey, we find that this year’s classic Thanksgiving feast for 10 will be $61.17, or approximately $6.12 per guest.
“This represents a 4.5 percent decline from historically high prices last year, driven by a decline in the price of the Thanksgiving dinner centerpiece — the turkey. Despite the year-over-year relief, the cost is still 25 percent higher compared to 2019, prior to the COVID-19 pandemic.”
According to the AFBF, 12.6% of Americans rely on SNAP assistance, or food stamps, to put food on their tables, making last year’s Thanksgiving record-breakingly expensive.
Even with a little decline in inflation, Americans who do not get government assistance would still have to pay high prices for necessities.
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The AFBF noted, “Although survey prices have begun to come down, food price inflation remains a real issue and serves as a constraint on the budget of all U.S. consumers. Despite challenges with inflation and the rising cost of food, farmers and ranchers are working hard each day to provide America with a safe and affordable food supply.
“Food security plays a significant role in national security, and an abundant and reliable food supply is essential for any free nation. So, this Thanksgiving, as you gather around the table with friends and family, let’s also give thanks to the hard work of farmers and ranchers in providing our food and the national security and well-being that go with it.”
Prepare for Thanksgiving with a budget-friendly feast! A succulent 16-pound turkey will only cost you $27.35 this year, according to CNBC.
a noteworthy decrease of 5.6% over the prior year.
A 16-pound turkey cost Americans $20.80 in 2019, according to Forbes.
