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The cost of a festive holiday meal will be a little easier on your wallet in 2023. According to the American Farm Bureau Federation, the cost of the classic Thanksgiving meal for 10 people will be $61.17. This is a 4.5% reduction from 2022. The driving factor is the decline in price of turkey. For the Midwest region of the U.S., the average cost is $58.66.
Turkey accounts for 43% of the price of a Thanksgiving dinner. The decrease in cost is likely due to a decrease in avian influenza and the recovery in numbers of turkey flocks. The prices have also decreased for several other popular foods served on Thanksgiving menus.
