The Practicing Parent: Thanksgiving costs less than last year
Mon, 25 Nov 2013 23:42:36 GMT —
he average total cost of items typically served during the holiday meal is 44 cents less than last year's total.
That's according to an annual survey from the American Farm Bureau Federation.
he largest price drop among those items?
The big bird.
ell, the main item on our
Thanksgiving survey is the turkey, which is not surprising. It's by far the item with the biggest value in that market basket of Thanksgiving goods. And the price of turkey was down about 50 cents, not quite 50 cents, and so that accounted for most of the decline," American Farm Bureau Federation Deputy Chief Economist John Anderson said.
he average cost of a 16 pound turkey will cost about $21.76 this year.
Thanksgiving items that cost less than last year: green peas, stuffing, fresh cranberries, and dinner rolls.
tems with a slight increase -- a gallon of milk, up seven cents, and three pounds of sweet potatoes, up 21 cents.
stability in Thanksgiving food prices is largely due to relatively quiet weather, meaning few disruptions for farmers.
e just haven't those major widespread sort of big news story weather events that caused a lot of problems.
And so that's been a real positive feature certainly for farmers and for consumers obviously," Anderson said.
nother contributing factor -- lower energy prices mean lower costs to process and transport food to stores.
That gives every grocery shopper a reason to be thankful.