Cost of Thanksgiving meal on the rise
If you're waiting until the last minute to go turkey shopping, get ready for some sticker shock. The price of the average Thanksgiving meal is up 13%, according to the American Farm Bureau, which has monitored the cost since 1986. Back then, a 16 pound turkey and all the trimmings cost $28.74. In 2011, that's up to almost $50.
This year's price hikes are higher than average, due mostly to a tough growing season for staples like pecans and pumpkins. Demand is also up for turkey, as shipments overseas increase. The national average comes in at $1.35 a pound, up a quarter from 2010.
Other staples that have seen increases include milk, eggs, cheese and baked goods.