Thanksgiving Dinner Costs Down 4.5% This Year, But Still 25% Above Pre-Pandemic Levels
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The cost of a traditional Thanksgiving meal for 10 people is down about 4.5% compared to last year, according to a new survey. The total cost is $61.17.
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Lower prices were found for 7 of the 11 common Thanksgiving ingredients, with the biggest drops for fresh cranberries (down 18%) and whipping cream (down 22%).
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The cost of a 16-pound turkey is down 5.6% to $27.35. Overall food inflation remains about 25% higher than pre-pandemic levels in 2019.
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Experts say post-pandemic supply chain problems have largely sorted out. Other data also points to easing inflation pressures on both the production and consumer side.
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Shoppers may find even more savings on turkeys as prices are expected to drop further between the survey date and Thanksgiving. The cost of streaming services is up about 5% year-over-year.