Average cost of Thanksgiving meal down, but Texans paying slightly more

Average cost of Thanksgiving meal down, but Texans paying slightly more

Americans on average are paying slightly less for their Thanksgiving Day feast this year, while Texans will be paying slightly more, according to a pair of farm bureau surveys.
The cost of the traditional meal for ten people will be down this year by 22 cents from last year, according to the American Farm Bureau’s annual survey, with the price averaging $48.90.
The shopping list in the survey included classic items found on the dinner table such as the turkey – averaging $21.71 for a 16-pound bird – as well as stuffing, sweet potatoes, rolls, peas, cranberries and pumpkin pie.
“Since 2015, the average cost of Thanksgiving dinner has declined steadily,” said Dr. John Newton, AFBF Chief Economist, “and is now at the lowest level since 2010.”
Although the price for the turkey can vary from state to state, Newton said the average cost nationwide is down 3 percent from last year and is the lowest price since 2014.
“Thanks to an ample supply, turkey remains affordable for consumers,” said Newton, “which helps keep the overall cost of the dinner reasonably priced as well.”
AFBF’s survey does not include some items that people may consider a must-have that would bring the price up more. Adding a four-pound ham, five pounds of russet potatoes and one pound of green beans increases it to $61.72.
For Texas, the cost is actually up $2.41 from a year ago, according to the Texas Farm Bureau. This also includes an increase in turkey prices to $19.74 from $17.76 in 2017, which is still lower than the national average.
“Although the overall Thanksgiving meal cost increased slightly this year, the items needed for a traditional dinner are still affordable for consumers,” said Russell Boening, president of Texas Farm Bureau. “Farmers across Texas and the U.S. work to provide abundant and affordable food products throughout the year, not just at Thanksgiving.”
Customers may see more cost-saving deals depending on where they shop. According to Shelley Sorensen, senior director of communications, a traditional meal for ten from Walmart would cost around $33.83. This includes a 16-pound turkey, pie shells, stuffing, and cranberries among other items.

Source





[social_warfare]





[social_warfare]




[social_warfare]