The average cost of dinner at the lowest price since 2010

The average cost of dinner at the lowest price since 2010

Despite the Govt-19 epidemic of shortages in grocery stores and disrupting retailers’ supply chains, the average cost of a Thanksgiving dinner has dropped by 4% this year.

Thanksgiving is upon us, which means the holiday season is in full swing. 46.90, which is calculated to be $ 2 less than the 2019 price of 48.91 American Farm Bureau Federation. The Farm Bureau’s survey, now in its 35th year, is based on more than 230 cost surveys by shopkeepers in all 50 states. After correcting inflation, the Bureau found that the price of a Thanksgiving dinner was about $ 18.

The console’s diet includes all the cuts: turkey, stuffing, sweet potatoes, butter, peas, cranberry sauce and rolls with a vegetarian plate, as well as pumpkin whipped cream and coffee for dessert.

American Farm Bureau Federation

“The average cost of a Thanksgiving dinner this year is the lowest since 2010,” said John Newton, chief economist at the Farm Bureau. He appreciates the low price at which retailers are pricing turkeys “Loss Leaders” To encourage consumers to shop. A loss leader is a sales tactic that allows a store to sell an item for a price or less, thus encouraging consumers to visit the store and, when they get there, shop more than one item.

The average cost of a turkey is 7% lower than last year, at 21 1.21 per pound. It costs about $ 19 for a 16-pound turkey. When CNBC Mac It 17 compares turkey prices on major grocery chains, PJ and Groger offer free turkeys through qualified purchases. If you can not get a turkey for free, at CNBC Make It Analyzed stores, some food lion places offer the lowest price for turkeys at 29 0.29 per pound.

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Beyond turkey, the average price of whipped cream and sweet potatoes also saw a decline this year. Dinner rolls, cube bread for stuffing and pumpkin mix all saw a slight price increase this year, the farm bureau found.

While it is difficult to predict whether shoppers will start buying panic again, Newton says turkeys and other Thanksgiving items are “in adequate supply in grocery stores across most parts of the country.”

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About the Author: Max Grant

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