Experts reveal Thanksgiving menu costs slightly lower than last year
As Thanksgiving approaches, consumers may find a slight relief in their wallets. A recent report from the Wells Fargo Agri-Food Institute indicates that prices for Thanksgiving menu items have dipped compared to last year.
Thanksgiving Menu Costs Decline
Robin Wenzel, the Head of the Wells Fargo Agri-Food Institute, shared insights about retailers planning ahead for the holiday. Many are negotiating better prices with suppliers to benefit consumers. Here’s a breakdown of the expected price changes for popular Thanksgiving items:
- Turkey: National brands down by 3.7%
- Stuffing: Decreased by 3-4%
- Gravy Mix: Decreased by 3-4%
- Fresh Cranberries: Down by 3-4%
- Dinner Rolls: Private brands down by 22%
- Potatoes: Overall drop of 1.5%, though some brands may have higher prices
- Frozen Vegetables: National brands down by 15%, while private labels increased by 0.8%
- Pumpkin Pie: Decreased by 3%
Consumer Spending Trends
Despite the price reductions, some consumers are opting for budget-friendly alternatives this holiday season. Many shoppers in San Antonio expressed their intent to spend less than usual on Thanksgiving preparations. One local shopper noted, “We normally cook as a family, but this year I think we’re going to cut back a little bit.”
To further assist with budgeting, stores are offering a variety of meal deals specifically for Thanksgiving. These offers can help families save money while still enjoying the holiday festivities. More details on these meal deals are available through Emegypt.
