Thursday, November 10, 2011
It's going to cost a bit more to put a traditional Thanksgiving dinner on the table this year.
The American Farm Bureau Federation reported Thursday that a meal with turkey and all the trimmings will cost about 13 percent more this holiday.
It estimates the average cost to make a meal for 10 people is $49.20. That's $5.73 more than last year's average of $43.47.
It's a result of soaring costs for commodities that are raising prices for food makers, grocers and consumers.
The costs for nearly everything from cranberries to pumpkin pie are up. But the biggest price hike is for the main course: a 16-pound turkey costs 4 percent more this year at $21.57.
The classic Thanksgiving meal comes in at about $5 per person.