Indiana Farm Bureau: Hoosiers Can Expect Higher Prices This Thanksgiving

Wednesday, November 16, 2022 at 9:29 AM

The annual market basket survey shows Hoosiers can expect to spend 14 percent more at the grocery than in 2021.

Shutterstock photo.

INDIANAPOLIS - Hoosiers can expect to pay more for their Thanksgiving meals.

The Indiana Farm Bureau’s annual Thanksgiving market basket survey shows that Hoosier shoppers can expect to spend approximately 14 percent more at the grocery store than in 2021.

Hoosiers are paying an average of $61 for a Thanksgiving dinner for 10 people, or $6.10 per person.

According to the American Farm Bureau Federation, the main driver of the increase is inflation, as well as other factors including supply chain disruptions and the war in Ukraine, with other countries pulling back on exports to protect domestic supplies.

The total market basket price of $61 includes a 16-oound turkey, stuffing, sweet potatoes, rolls, peas, a carrot and celery veggie tray, whole milk, cranberries, whipping cream, ingredients for pumpkin pie and miscellaneous baking items.

Turkey prices are up approximately $1.75 per pound for a whole turkey, or $28.02 for a 16-pound bird, which is an 11 percent increase from 2021.

Hoosiers can expect most of the traditional Thanksgiving items to be more expensive this year, however, pie shells and cranberries are more affordable than they were in 2021.

The INFB Thanksgiving market basket survey was conducted in late October by volunteer shoppers across the state who collected prices on specific food items from one of their local grocery stores. Volunteer shoppers were asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals. Indiana’s survey was completed in conjunction with a national survey administered by the American Farm Bureau Federation.

Thanksgiving Market Basket Items (INFB Survey)	2022 Indiana Costs	2021 Indiana Costs	% Change of Indiana Costs (2021 to 2022)	% Difference between 2022 Indiana Costs and 2022 U.S. Average
Turkey (16 lb.)	$28.02	$25.22	+11.1%	-3.2%
Stuffing (14 oz. package)	$3.80	$2.32	+63.8%	-2.1%
Pumpkin pie filling mix (30 oz. can)	$4.35	$3.61	+20.5%	+1.6%
Pie shells, 9 in. (2 per package)	$3.06	$3.47	-11.8%	-16.8%
Sweet potatoes (3 lb.)	$3.72	$3.19	+16.6%	-6.1%
Rolls (1 doz.)	$3.57	$3.00	+19.0%	-4.3%
Peas (16 oz. package, frozen)	$1.56	$1.39	+12.2%	-17.9%
Veggie tray (.5 oz. each fresh carrots and celery)	$0.86	$0.80	+7.5%	-2.3%
Whole milk (gal.)	$3.35	$2.81	+19.2%	-12.8%
Cranberries (fresh, 12 oz. package)	$2.54	$2.72	-6.6%	-1.2%
Whipping cream (½ pint)	$2.06	$1.60	+28.8%	-8.0%
Misc. ingredients (such as coffee, butter, onions, eggs, sugar and flour)	$4.13	$3.45	+10.1%	0.0%
AVERAGE TOTAL MEAL PRICE*	$61.00	$53.58	+13.8%	-4.8%
*The total meal price listed above is for a group of 10 individuals.

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