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Tuesday
Nov222011

Expensive Turkey Day: Travel and Food Costs Up from Last Year

Stockbyte/Thinkstock(NEW YORK) -- With 42 million Americans planning to travel this week for the Thanksgiving holiday, many are in for a big surprise, because the cost of celebrating Turkey Day has shot up.

The typical family looking to travel this holiday season will see hikes in airfares, gasoline and even the traditional Thanksgiving bird.

For the family that thinks they’ll save a bundle by driving to the family feast, taking the car might be the wrong choice -- gas prices have risen about 50 cents per gallon from last year’s rates.

And flying doesn't fare much better -- airfares are up more than 10 percent from last year.

Jeanenne Tornatore, senior editor for Orbitz.com, said the smart action to take -- as usual -- is to book in advance.

“Typically, as you get closer to the holiday period, the travel prices do increase, because it is such a compact travel weekend and travelers are going to be traveling over such a short period,” she said.

Those looking to stay at a hotel will be hit too, with hotel prices up nearly 5 percent from 2010's prices.

But even if you choose to avoid traveling, you still won't escape added expenses.  The Farm Bureau estimates the cost of the classic Thanksgiving dinner is up 13 percent from last year.  The cost of a turkey is now up $3, pumpkin pie is up 41 cents and stuffing is up 24 cents.

The reason being: rising fuel prices. The cost of gasoline ultimately affects everything that gets transported to store shelves.

Copyright 2011 ABC News Radio

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