Thanksgiving Dinner Will Probably Cost More this Year

Listen: ABC's Alex Stone.

You know all of those reports of things costing more because of the supply chain shortage and other culprits? Proctor and Gamble and others have said their staple products are costing more. Same at Nestle. Well, it also means that your Thanksgiving dinner could be the most expensive ever. This year’s American Farm Bureau prediction for the cost of a Thanksgiving dinner won’t be released until late November but it’s expected to be up this year. Granted last year’s was the lowest since 2010. But everything from turkeys, to what you roast them in, to canned cranberries are all costing more this year. The price of turkeys is expected to be above the record of $1.36 a pound set in 2015. Turkeys are more expensive because of the price of corn.