It's all gravy: Cost of Thanksgiving meal sees biggest drop since 2000

Jonathan Berr

People cooking up a traditional Thanksgiving feast can be thankful it won't be as expensive as it was last year.

The price of making a traditional Thanksgiving meal -- turkey, stuffing, cranberries, pumpkin pie and all the trimmings -- will drop 4% this year, according to the American Farm Bureau Federation. That's the biggest decline since 2000, says Bloomberg News.

The average cost of this year's feast for 10 is $42.91, a $1.70 decline from last year's average of $44.61, according to the federation's 24th annual informal price survey of classic Thanksgiving items. Prices are nearly at their 2007 level of $42.26. The survey was done by volunteer shoppers.

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