(AURN News) — The traditional Thanksgiving feast will be lighter on Americans' wallets this year, according to a new report from the American Farm Bureau Federation (AFBF).

The average cost of a Thanksgiving meal has decreased to $58.08, down from $61.17 in 2023 and significantly lower than the record high of $64.05 in 2022. Turkey prices have also fallen, showing a 6% decrease compared to last year.

However, some traditional items saw price increases. The AFBF reported that dinner rolls and cubed stuffing costs rose by 8%, citing higher labor costs among other factors. Cranberries showed the steepest increase, with prices jumping nearly 12% from last year.

The report also highlighted significant price drops in several staple items. Milk showed a 14.3% decrease, while sweet potatoes fell by 26.2%.

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