It’s time to talk turkey about your expected costs for this year’s Thanksgiving celebration. Well, surprise. It appears Thanksgiving 2010 will gobble up more of your household budget.
But not too much more.
Food prices are relatively flat. They were up 1.4% as of September, and overall prices are up about 1% compared to last year.
If you’re driving to Grandma’s for Turkey Day, you’ll spend more to get there. Gas and oil prices are about 5% higher than they were a year ago.
If you’re flying to Granny’s, you’ll find fares have risen since last Thanksgiving. The average domestic airfare for the holiday is $384, about a 10% increase over last year, according to an analysis by online travel agency Travelocity for USA Today.
Travelers could end up paying as much $554 for the average ticket if they fly on the popular Tuesday before Thanksgiving and return on Sunday, according to Travelocity.
But there are also lower fares if you shift travel dates by a day or two. For those flying out Thanksgiving Day and returning the following Tuesday, the average fare reduces to $293.