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Cheaper turkeys help bring down Thanksgiving dinner costs this year

  • Thanksgiving dinner will cost an average of $58.08 for 10 people, which is down 5% from 2023 and down 9% from 2022, according to the AFBF.
  • The average price for a 16-pound turkey is $25.67, down 6% from last year, reflecting reduced demand and a smaller turkey flock.
  • Americans are facing a 22% increase in grocery prices since President Joe Biden took office in January 2021, as reported by the October Consumer Price Index inflation data.
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