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Thanksgiving is no cheap fete. From tablecloths to serving utensils\u2014and all the ingredients needed to cook the feast of the year\u2014hosting can set you back a pretty penny. Add in soaring turkey prices, inflation, and tariffs, and this year might feel pricier than years past. <\/p>\n
Last year, the average price of Thanksgiving dinner for 10 people was $58.08 (about $5.80 per person), according to the<\/a> American Farm Bureau Federation<\/a>\u2014a decrease from the prior two years. This year, Empower<\/a> estimates a dinner for 10 people at $73.09 (about $7.31 per person), a nearly 26% price increase from last year. Conflicting reports<\/a> peg the 2025 cost at $55.18 (a 5% decrease), but a closer look at Bureau of Labor Statistics data suggests otherwise. There’s a lot of conflicting information<\/a> floating around about Thanksgiving prices this year, so always double-check your sources before you plan. <\/p>\n Potatoes<\/a>, a Thanksgiving staple, are up roughly 7% year over year. Gravy<\/a> decreased in price by about 2% (yay!), and fresh bread<\/a> rolls and biscuits rose about 3.5%. Frozen and refrigerated pies<\/a> saw a slight price increase, as did cheese<\/a> and other related products. <\/p>\nWhere Prices Are Rising (And Falling)<\/h2>\n