Food costs are up, but your Thanksgiving feast will cost less this year
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As stubborn U.S. inflation continues to drive grocery prices higher in 2025, one surprising exception is emerging this month: the cost of preparing your Thanksgiving meal. Consumers can expect to spend about 2% to 3% less this year on Turkey Day groceries, according to a recent Wells Fargo analysis of a typical Thanksgiving feast. Shoppers are likely to pay less this year because the foods that make up a traditional Thanksgiving meal aren't the ones driving grocery inflation, the bank found.
AI Summary
Main Idea: Thanksgiving dinner is expected to cost a little less this year, even as grocery prices overall keep rising, and Walmart, Aldi, and Target are offering low-cost holiday meal deals.
Key Points:
- Wells Fargo says a typical Thanksgiving feast could cost about 2% to 3% less than last year.
- The drop is partly because key Thanksgiving foods are not the same items driving overall grocery inflation.
- Walmart is selling a $4 per person holiday meal bundle, while Aldi and Target also have budget meal offers.
- Store-brand Thanksgiving ingredients are expected to cost about $80 for 10 people, compared with about $95 for brand-name items.
Impact on the People
Negative Impact
Grocery inflation still raises costs for many households, especially for beef, eggs, bananas, and coffee.
Positive Impact
Walmart, Aldi, and Target are offering cheaper Thanksgiving meal deals, which can ease holiday food bills for many families.
How did each entity affect people?
Rate how each entity in this article affected the American people.
Candidate Entities4 candidates · 5 weighted vote min · 70% decision
- WalmartcompanyPrimaryEvaluated
Major retailer featured for its $4 holiday dinner package and pricing strategy.
Include 0 (0%)Ignore 0 (0%)5 to threshold - AldicompanyMajorEvaluated
Named retailer offering a competing low-cost Thanksgiving meal deal.
Include 0 (0%)Ignore 0 (0%)5 to threshold - TargetcompanyMajorEvaluated
Named retailer offering a competing holiday dinner bundle.
Include 0 (0%)Ignore 0 (0%)5 to threshold - United StatescountryMinorCandidate
Country setting for the grocery and Thanksgiving pricing discussion.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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