Thanksgiving could be more expensive this year. Here's how to navigate higher prices

Americans will likely face higher prices on items for their Thanksgiving dinners this year.

Turkey, typically the centerpiece of the Thanksgiving meal, will be one of the biggest sticker shocks for consumers. Wholesale prices for a turkey have jumped 40 percent from a year ago, according to the Department of Agriculture. Outbreaks of avian influenza, or bird flu, and increased demand have contributed to these higher prices.

Those opting for beef instead of turkey should also prepare to pay more. Beef prices are nearly 15 percent higher than they were last year, according to data from the Bureau of Labor Statistics.

Canned vegetables are 5 percent more expensive compared to last year, due to higher packaging costs from the steel and aluminum tariffs the Trump administration put in place