Each year the American Farm Bureau Federation releases a price survey of classic items found on the Thanksgiving dinner table. This year, the average cost of feasting stands at $54.33, which is less than last year but still constitutes a $8.64 increase from before the pandemic.

The most expensive item by far is the turkey, which this year costs an average of $25.67 and is an increase of $4.87 from pre-pandemic levels. While most ingredients have increased somewhat, sweet potatoes, fresh cranberries and whipping cream have dropped in value.

2024 marks the second consecutive year that the average price of a Thanksgiving dinner in the United States has decreased.

However, as Statista's Anna Feck reports, this does not erase the increases seen between 2020 and 2022, when the meal rose from an average of $46.90 to $64.05 thanks to the impacts of inflation on food prices and farmers' costs.