Your traditional turkey dinner should cost just a little bit less this Thanksgiving.
The Indiana Farm Bureau has released the results of its annual Thanksgiving market basket survey and found that the cost of fixing a traditional turkey dinner for 10 would be $46.93 in 2014, down $1.19 from 2013.
The bulk of this year’s savings came from the turkey itself, which costs $1.31 per pound, $0.13 cheaper than last year. For a 16-pound turkey, the price drop translates into $2.08 in savings.
The survey was conducted by 29 volunteers across the state who were instructed to find the cheapest prices available at supermarkets without taking advantage of coupons or special promotions. They were given a shopping list of turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and both coffee and milk, as well as miscellaneous basic cooking ingredients. The total cost represents the amount of food needed to feed 10 people with plenty of leftovers.
Although the cost of turkey has dropped steeply, as has the price of cranberries and stuffing, sweet potatoes, whipping cream, and milk have become more expensive over the past year. Cooking necessities like onions, eggs, flour and butter have also gotten more expensive, increasing from $3.20 in 2013 to $3.48 today.
When the Farm Bureau began the annual survey in 1993, the average turkey dinner cost Indiana shoppers $29.50. The price of Thanksgiving dinner peaked in 2012 at $51.05.