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The Cost of Thanksgiving Dinner, 2012

Shoppers often fret about what they perceive is the ever-rising costs for the goods they need to buy each day. This year, however, they have at least one holiday blessing to be thankful for: the cost of a turkey dinner and all the trimmings has risen only slightly from last year.

According to the American Farm Bureau Federation's survey, turkey dinner and all the fixings will cost about $49.48, or just 28 cents more than it did last year.

Last year, consumers were hit with one of the biggest price increases for traditional Thanksgiving trimmings in years, after poor weather shrank the size of U.S. crops.

This year, the star of the Thanksgiving feast—the turkey—is the main reason for the marginally higher cost. Had it not been for increases in the price of the turkey, the cost of the dinner may actually have been lower.

"Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings," said John Anderson, the deputy chief economist at the AFBF. "A slight increase in demand for turkey is responsible for the moderate price increase our shoppers reported for the bird."

Please click ahead to see how the costs break down per item. All costs are based on prices collected by 155 volunteer shoppers in 35 states, who are asked to hunt for the least expensive prices, but not take advantage of any promotional coupons or other purchase deals.

By Christina Cheddar-Berk,
Posted 08 November 2012

Photo: Grace Clemente | Stone | Getty Images