Spending more on Thanksgiving this year
Every November we let take a break from watching what we eat and let ourselves feast on turkey, stuffing and pumpkin pie on Thanksgiving. Despite having to shell out for a big shopping trip at the supermarket, there's always plenty of leftovers, which means no need to go food shopping in the days following.10 things you need to host holiday meals
Moneyland reports that American households will be spending 13 percent more on their Thanksgiving dinners this year due to slight increases in food prices.
A 16-pound turkey, for example, is averaging $21.57 this year, up about 25 cents per pound, or $3.91 per turkey. The AFBF says rising turkey prices are due to stronger consumer demand domestically and abroad.
The price of a frozen turkey has jumped noticeably since Thanksgiving 2009, when turkey prices were lower than usual, according to the Consumer Price Index. Here's what the price of a frozen turkey has looked like during the last six years:
Overall, a slight price increase won't stop consumers from their feasts this year. And for those who want to spend more, there's always a $400 Thanksgiving dinner being sold somewhere.
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