Despite concerns about rising food prices, the average cost of this year’s Thanksgiving dinner is falling for the third year in a row to $55.18, down 5% from 2024, based on the American Farm Bureau Federation’s annual survey.

What will it cost to feed 10 people?

The average cost of a traditional turkey dinner for 10 people, which includes turkey, dressing, pumpkin pie with whipped cream, dinner rolls and cranberries, continues to tumble after hitting a high of $64.05 in 2022, the national farm group said Wednesday, Nov. 19.

“Three years of declines don’t fully erase dramatic increases that led to a record-high cost" in 2022, the Farm Bureau said in a statement. A look back at 2024: Report: Thanksgiving dinner will be cheaper this year. How much less?

Which items are dropping in price?

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