Summary
Prices for many Thanksgiving foods are lower this year, according to a Wells Fargo analysis. The cost of a 10-person Thanksgiving meal has decreased by 2 to 3 percent compared to last year, despite overall grocery costs remaining high.
Key Facts
- Wells Fargo reports a 2 to 3 percent drop in the cost of a 10-person Thanksgiving menu.
- Turkey prices from national brands have fallen by about 3.7 percent.
- Stuffing, fresh cranberries, and gravy mixes are roughly 3 to 4 percent cheaper, while prepared mashed potatoes are down 1.5 percent.
- Frozen vegetables have decreased in price by 15 percent.
- National brand pumpkin pies have seen a 3 percent price reduction, while whipping cream prices have increased by 3 percent.
- Private-label Thanksgiving meal items cost around $80, while national-brand items are about $95.
- President Trump highlighted lower grocery prices, despite some items still being costly.
- The American Farm Bureau Federation noted a 5 percent decrease in average Turkey meal costs, with turkey prices specifically decreasing by over 16 percent.
