Marketplace®

Daily business news and economic stories

Higher price tag on Thanksgiving dinner

Economist Terry Francl with the American Farm Bureau Federation breaks down the cost of this year's holiday feast.

TEXT OF STORY

SCOTT JAGOW: Alright, it’s time to whip out the calculator and figure out how much that Thanksgiving dinner is gonna cost.

Let’s see, 16-pound turkey, potatoes, stuffing, cranberry sauce and pumpkin pie . . . feeds 10 people. Comes out to $38.10. That’s a $1.32 more than last year.

Terry Francl is with the American Farm Bureau, which keeps track of this stuff.

TERRY FRANCL: In terms of current dollars, it is the most expensive year. In terms of inflation-adjusted dollars, however, it is fairly well down on the list, it’s actually about third less than when we started the survey in 1986.