"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-11-02T13:32:59Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/11/02/thanksgiving-meal-inflation-romans.cnnbusiness"
data-branding-key="holiday-2021"
data-video-slug="thanksgiving meal inflation romans"
data-first-publish-slug="thanksgiving meal inflation romans"
data-video-tags="business and industry sectors,business, economy and trade,christine romans,clothing and accessories,consumer products,economic conditions,economic indicators,economy and economic indicators,food and drink,food products,fruit,fruits and vegetables,holidays and observances,inflation,kinds of foods and beverages,meat products,misc people,poultry,price increases,thanksgiving,vegetables"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2021-11-02T13:32:59Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2021/11/02/thanksgiving-meal-inflation-romans.cnnbusiness"
data-branding-key="holiday-2021"
data-video-slug="thanksgiving meal inflation romans"
data-first-publish-slug="thanksgiving meal inflation romans"
data-video-tags="business and industry sectors,business, economy and trade,christine romans,clothing and accessories,consumer products,economic conditions,economic indicators,economy and economic indicators,food and drink,food products,fruit,fruits and vegetables,holidays and observances,inflation,kinds of foods and beverages,meat products,misc people,poultry,price increases,thanksgiving,vegetables"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-31T00:30:19Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/30/cocoa-chocolate-pricing-surge-easter-rodriguez-nr-vpx.cnn"
data-branding-key=""
data-video-slug="cocoa chocolate pricing surge easter rodriguez nr vpx"
data-first-publish-slug="cocoa chocolate pricing surge easter rodriguez nr vpx"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,domestic alerts,domestic-business,easter,financial markets and investing,food and drink,food products,holidays and observances,iab-agriculture,iab-business,iab-business and finance,iab-business banking & finance,iab-commodities,iab-desserts and baking,iab-economy,iab-financial industry,iab-food & drink,iab-industries,international alerts,international-business,kinds of foods and beverages,price increases,sweets and desserts"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-22T12:43:25Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/22/trump-truth-social-prepares-to-go-public-egan-cnntm-vpx.cnn"
data-branding-key=""
data-video-slug="trump truth social prepares to go public egan cnntm vpx"
data-first-publish-slug="trump truth social prepares to go public egan cnntm vpx"
data-video-tags="companies,domestic alerts,domestic-business,domestic-us politics,donald trump,iab-computing,iab-internet,iab-politics,iab-social networking,iab-technology & computing,international alerts,international-business,international-us politics,political figures - us,social media,society,trump media & technology group"
data-details="">
Video Ad Feedback
Donald Trump may be on the verge of a massive financial win
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2024-03-21T05:30:53Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2024/03/21/china-nongfu-spring-boycott-stewart-lkl-hnk-vpx.cnn"
data-branding-key=""
data-video-slug="china nongfu spring boycott stewart lkl hnk vpx"
data-first-publish-slug="china nongfu spring boycott stewart lkl hnk vpx"
data-video-tags="beverages,bottled water,boycotts,business and industry sectors,business, economy and trade,consumer products,food and drink,iab-food & drink,iab-non-alcoholic beverages,kinds of foods and beverages"
data-details="">
Video Ad Feedback
See why some Chinese people are boycotting a popular brand
Thanksgiving dinner will cost 14% more this year, according to new survey by the American Farm Bureau Federation. Dinner for a family of 10 will cost on average $53.31 — up $6.41 from last year’s average of $46.90 which was down 4% from 2019, the lowest in 10 years.
“These include dramatic disruptions to the US economy and supply chains over the last 20 months; inflationary pressure throughout the economy; difficulty in predicting demand during the COVID-19 pandemic and high global demand for food, particularly meat,” said Veronica Nigh, senior economist with the American Farm Bureau Federation.
The biggest ticket item — turkey — is up 24% since last year. But there are a few caveats. Grocery stores started advertising lower prices later than usual this year. For example, if you were shopping for a turkey during the week of November 5-11, you could have paid 18% more than the following week November 12-18, the American Farm Bureau found. That means shoppers can still find more affordable turkeys than the Farm Bureau’s estimate of $23.99 for a 16-pound bird.
“Taking turkey out of the basket of foods reveals a 6.6% price increase compared to last year, which tracks closely with the Consumer Price Index for food and general inflation across the economy,” Nigh said.
The entire Thanksgiving meal price includes other staples like stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk — with enough for leftovers, according to the American Farm Bureau.
Turkey saw the sharpest increase in price, followed by pairs of pie-crusts up 20% and dinner rolls up 15% at $3.05 for a dozen. Stuffing was the only item that fell in price — down 19% from the year prior to $2.29 for a 14-ounce bag of cubed stuffing mix, the survey revealed.
As for availability, US Secretary of Agriculture Tom Vilsack told CNN earlier this month: “There may be situations throughout the country where a particular grocery store may not have as many turkeys as necessary. At the end of the day, there’s going to be plenty of food on Thanksgiving plates for Americans.”
The US Department of Agriculture estimates Americans will spend closer to 5% more on their Thanksgiving meal this year. But the agency did not specify how many people this would feed and tracks a smaller basket of items than the one in the American Farm Bureau Federation survey.
“We know that even small price increases can make a difference for family budgets, and we are taking every step we can to mitigate that. The good news is that the top turkey producers in the country are confident that everyone who wants a bird for their Thanksgiving dinner will be able to get one, and a large one will only cost $1 dollar more than last year,” Vilsack said Wednesday, citing improvements in the food supply chain in recent weeks.
This is the 36th year that the American Farm Bureau Federation survey hasbeen conducted using pricing data for the same menu items from all 50 states and Puerto Rico. Volunteer Farm Bureau shoppers also checked prices in person and online using grocery store apps and websites to find the best possible prices without using promotions or deals.