Friday, November 21, 2014

Cost of Thanksgiving Dinner Climbs

 The American Farm Bureau Federation’s 29th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.41, a 37-cent increase from last year’s average of $49.04.

The AFBF survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk, all in quantities sufficient to serve a family of 10.

Foods showing the largest increases this year were sweet potatoes, dairy products and pumpkin pie mix. Sweet potatoes came in at $3.56 for three pounds. A half pint of whipping cream was $2.00; one gallon of whole milk, $3.76; and a 30-ounce can of pumpkin pie mix, $3.12. A one-pound relish tray of carrots and celery ($.82) and one pound of green peas ($1.55) also increased in price. A combined group of miscellaneous items, including coffee and ingredients necessary to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour) rose to $3.48.

The turkey, itself, will cost roughly the same as last year despite an increase at the wholesale levels., as grocers use turkeys as loss leaders,

Here's how the overall turkey dinner has climbed in price since 1986.

YearAverage
1986$28.74
1987$24.51
1988$26.61
1989$24.70
1990$28.85
1991$25.95
1992$26.39
1993$27.49
1994$28.40
1995$29.64
1996$31.66
1997$31.75
1998$33.09
1999$33.83
2000$32.37
2001$35.04
2002$34.56
2003$36.28
2004$35.68
2005$36.78
2006$38.10
2007$42.26
2008$44.61
2009$42.91
2010$43.47
2011$49.20
2012$49.48
2013$49.04
2014$49.41

1 comment:

  1. All I can say is that it's a good thing the Fed is keeping prices stable.

    ReplyDelete