After seeing the cost of preparing turkey dinner drop to a 10-year low in 2020, the U.S. is about to face its most expensive Thanksgiving in history, experts say.
The U.S. Farm Bureau predicts the average cost of Thanksgiving dinner will be up by at least 5 percent this year. “When you go to the grocery store and it feels more expensive, that’s because it is,” says Farm Bureau economist Veronica Nigh.
Contributing to the rise are canned cranberries, which cost more because of a steel shortage; turkeys, because the cost of their feed has more than doubled; and dinner rolls, because the cost of baking ingredients has skyrocketed, the bureau reports. “I never seen anything like it,” one farmer says. “I don’t know what the answer is, but in the end it’s all going to get passed on to the consumer.”