Thanksgiving Dinner: A Bit Cheaper This Year [AUDIO]
NEW JERSEY 101.5
The cost of putting a traditional Thanksgiving meal on the table is down slightly from last year, according to an annual survey from the American Farm Bureau Federation.
A 10-serving meal of turkey, stuffing, sweet potatoes, pumpkin pie with whipped cream, coffee and other basics should run shoppers an average bill of $49.04, a 44-cent drop from 2012.
"It's really a fantastic value," said John Anderson, deputy chief economist with the Farm Bureau.
Singling out the holiday's main attraction, the price of a 16-pound turkey dropped 47 cents to $21.76 this year, but consumers may still pay more than that based on higher demand and feed prices.
Anderson noted this is the third year of similar prices in the survey. In 2011, the cost of Thanksgiving dinner spiked by more than five bucks.
"To see these food prices hanging in at a fairly steady level, with no major changes for three years, is fairly remarkable," he said. "That's something that I think is good news from a consumer point of view."