On the table for Thanksgiving this year? Higher food prices

One thing U.S. consumers won't be giving thanks for on Turkey Day this year: the higher cost of food, and just about everything else amid sharply rising inflation. 

"When you go to the grocery store and it feels more expensive, that's because it is," said Veronica Nigh, senior economist at the American Farm Bureau Federation. Food prices are up 3.7% so far in 2021, versus a 20-year average of about 2.4%, she told CBS MoneyWatch. 

As a result, the overall tab for turkey and all the trimmings will cost 4% to 5% more this year than a year ago. According to the Farm Bureau, in 2020 the cost of preparing the holiday feast came to just under $47 (for 10 people or less) — the lowest level since 2010.