As families gather for the Thanksgiving holiday, there may be an unwelcome guest joining the dinner table: inflation.
Some holiday samples are going to cost more this year, and a new report shows that dinner could be 20% more expensive than last year.
To put that into dollars, the American Farm Bureau said the average cost of a 16-pound turkey is now about $29.
The reason behind the rise in costs, like with most things these days, is inflation. General inflation is ranging between seven and 9% in recent months, according to the American Farm Bureau. Other factors include global supply chain disruptions and the war in Ukraine.
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The bureau released its annual survey, noting that it will cost an average of $64 for a Thanksgiving meal this year to feed a family of 10. That's nearly $11 more than last year and about $17 more than in 2020.
Turkey isn't the only traditional dish seeing a price hike. Stuffing, of all things, is up 69%. Pie crust, dinner rolls and sweet potatoes are also among the items costing more this time around.
