Thanksgiving dinner prices up 9.8% this year, report finds

As families prepare to celebrate Thanksgiving by carving turkey and watching football, many will face sticker shock at the grocery store as inflation and high prices persist.

A new report from groundwork collaborative shows that Thanksgiving staples are more expensive this holiday season, leading many Americans to pull back on their festivities.

The report finds that: the price of Thanksgiving dinner is more expensive this year, with a full meal up 9.8% – more than triple the rate of inflation. Two-thirds of voters feel stressed about affording holiday expenses.

A majority of folks are taking action to brace for high prices this Thanksgiving, such as buying fewer items, hosting smaller gatherings, taking on debt to cover holiday-related expenses, or cutting back on Thanksgiving travel.

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