Early projections show Thanksgiving staples will cost less this year compared with 2024.
An analysis from Wells Fargo estimates a typical Thanksgiving dinner for 10 will be about 2% to 3% cheaper in 2025.
This comes despite higher inflation and overall food costs. The consumer price index shows food is about 2.7% more expensive than a year ago.
That increase is largely driven by items such as beef, lunch meat, fish and seafood, coffee, and sugar and sweets. Other grocery staples, including turkey, have seen either modest price increases or price drops.
According to Wells Fargo, an all–store-brand Thanksgiving dinner for 10 would cost about $80, while name-brand products would cost about $95. Mixing national and store brands could help shoppers save more.
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