Cost of Thanksgiving meal on the rise

Wednesday, November 23, 2011 - 8:53am

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.

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