Thanksgiving food prices expected to increase slightly - WKRN News 2

Thanksgiving food prices expected to increase slightly

Posted: Updated: Nov 12, 2012 05:37 PM CST
NASHVILLE, Tenn. -

Food prices have remained mostly stable in 2012 and consumers shouldn't expect to pay too much more this Thanksgiving compared to last.

A meal for 10 people is up by roughly 28 cents nearing a grand total of $49.48.

In 2011, a meal for 10 cost approximately $48.20, a $5.73 increase from 2010.

The cost of turkey is typically what determines the average price of Thanksgiving dinner.

The average price of a 16-pound turkey in 2012 is $22.23, roughly 5% to 6% more than the previous year.

Ten years ago, in 2002, Thanksgiving dinner was approximately $15 cheaper than this year.

Though many Thanksgiving item costs have slightly increased, some items have gone down in cost.

Whipped cream is down 13 cents since last year while stuffing and sweet potatoes are down 11 cents.

Fresh cranberries are down 3 cents while canned pumpkin pie mix and pre-made pie crusts are down 2 cents.

The drought was a factor in the slight price increase, however, many retailers locked in produce and poultry prices in early spring, helping rates to remain fairly stable.

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