Thanksgiving will cost 20% more this year thanks to soaring inflation

Families may be crying fowl when they see how much the price of a Thanksgiving meal has risen this year.

The average price for a Thanksgiving meal for 10 people will cost 20% more than last year as inflation wreaks havoc on every sector of the economy, according to a Wednesday report from the American Farm Bureau Federation, which compiles the cost estimate every year around the holiday.

This year, the holiday feast is expected to cost $64.05, a big surge from the $53.31 that would have purchased the same food items last year. Since Thanksgiving in 2020, the average Thanksgiving meal has increased by a whopping 37%.

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