Thanksgiving dinner is more affordable this year than it has been in years, despite rising sticker prices at grocery stores. The total cost for a holiday feast for 10 people is estimated at $58.08, which is a 5% decrease from last year, according to the American Farm Bureau Federation’s annual survey.
Adjusting for inflation, this year’s Thanksgiving dinner is the most affordable since 1984, making it the least expensive meal of its kind in nearly four decades. While food prices have increased by 19% since 2019, median household wages have grown by about 25%, helping to offset the price increase.
For many, however, the savings may not feel as significant due to ongoing challenges like rising housing and childcare costs.
Despite this, some foods are more affordable this year. Turkey, for example, is 6% cheaper than last year, while sweet potatoes and whole milk saw price drops of 26% and 14%, respectively.
On the other hand, some processed foods like dinner rolls and stuffing are slightly more expensive. Retailers like Walmart, Target, and Aldi have rolled out Thanksgiving meal deals that offer significant savings, with some meals priced lower than in 2019.
These promotions are creating opportunities for shoppers to compare prices and tailor their holiday meals to their budgets.
Peoplesmind
