Inflation has been a major topic of discussion in recent years. While the rise in grocery prices has slowed down to a 1% increase over the last 12 months, the price of Thanksgiving dinner fell for the second straight year.
A Thanksgiving meal for 10 people will cost $58.08 in 2024, or $5.81 per person, according to the American Farm Bureau Federation’s 39th annual Thanksgiving dinner survey.
The price of Thanksgiving fell more than 9% since reaching a record high of $64.05 in 2022. That said, the price of a feast for 10 is still 19% higher than before the COVID-19 pandemic. In 2019, it cost $48.91 to feed a group of 10 for the holiday.
Turkey remains the center of any Thanksgiving dinner. The average price of a 16-pound turkey is $25.67, a savings of 6% from last year. Despite the savings, the American Farm Bureau Federation says avian influenza is at play in 2024.
“The American turkey flock is the smallest it’s been since 1985 because of avian influenza, but overall demand has also fallen, resulting in lower prices at the grocery store for families planning a holiday meal,” AFBF economist Bernt Nelson said in a statement.
For those who aren’t fans of turkey, a 4-pound boneless ham will set consumers back $14.79, down $3.23 compared with last year.
When it comes to sides, stuffing is the most popular, according to Campbell’s 2024 State of Sides report. A 14-ounce box of cubed stuffing is going to cost $4.08, a $0.31 increase from 2023.
Mashed potatoes are the second most popular Thanksgiving side. The price of russet potatoes, which gives the desired fluffy texture, fell nearly $1 to $2.63 per five-pound bag. The third most popular side is sweet potatoes and three pounds will cost $2.93 this year, saving buyers more than $1 over last year.
Campbell’s says green bean casserole is the fourth most popular holiday side. A pound of green beans is down $0.16 in 2024, but cooks will still need to add cream of mushroom soup and crispy fried onions to complete a casserole.
Pumpkin pie is the most popular Thanksgiving dessert, according to readers at The Pioneer Woman. Pumpkin pie mix is $4.15 for a 30-ounce package. That’s down $0.29 compared with last year.
Meanwhile, two pie shells are $3.40, only falling $0.10 since 2023. Pecan pie is the second most popular, followed by apple pie and then chocolate pie. Sweet potato pie did not make the list.
