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thanksgiving dinner costs drop as shoppers seek value and savings

Thanksgiving dinner costs are historically low this year, averaging $58.08 for a 10-person gathering, a 5% decrease from last year. While food prices have risen 19% since 2019, median household wages have increased by about 25%, making this year's meal more affordable when adjusted for inflation. Retailers are competing with promotions, offering various meal packages that cater to different preparation preferences.

thanksgiving meal costs decline in 2024 as turkey prices drop

Thanksgiving meals in 2024 are expected to be cheaper, with the average cost for a classic feast for 10 dropping to $58.08, a 5% decrease from 2023. This decline is largely driven by lower turkey prices, despite ongoing inflation in processed food items. Overall, food inflation has eased, providing relief to consumers.
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