Thanksgiving Dinner Cost Tops $50 in 2015
According to the American Farm Bureau, the average cost of Thanksgiving dinner for 10 people exceeded $50 for the first time since the group began tracking it in 1986
The total price of the feast increased 70 cents (or 1.4%) to $50.11 from 2014. The average cost of food for the celebration has remained around $49 since 2011.
The most expensive item on the holiday dinner list is a 16-pound turkey, which costs an average of $23 dollars this year. That’s up $1.39 from last year, or 6.42%. It's the largest percentage increase of all the grocery items.
The price of eggs has jumped around 50% since May to about $2.97 per dozen.
Butter, on the other hand, has dropped to around $3.08 a pound compared with $3.82 a year ago. Milk is down to $2.22 a gallon compared with $3.78 last year.
While the price of Thanksgiving dinner remains relatively stable, the cost of traveling for the holiday is getting cheaper. Prices for the most popular Thanksgiving flights are down an average of 9% this year
, and gas prices are at their lowest level in seven years
The national average price of gasoline was $2.21 per gallon on Nov. 11, which is about 72 cents per gallon less than a year ago, according to AAA. The average price of gas in every state is below $3 per gallon, and about one in four U.S. gas stations is offering gas for less than $2 per gallon.