While Thanksgiving dinners will be 20% more expensive than a year ago, average wages have only increased 4.7% in the last year, according to the Bureau of Labor Statistics.
The estimated cost of a Thanksgiving dinner for 10 people will be 20% higher than a year ago, according to an analysis released Wednesday by the American Farm Bureau Federation.
The AFBF said providing enough food for 10 people with plenty of leftovers would cost $64.05 this year, up from $53.31 a year ago and $46.90 from 2020. The only Thanksgiving staple that did not have a price increase from last year was cranberries, which saw a 14% decline.
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