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According to our survey, 76.3% of consumers have noticed a rise in 2024 Thanksgiving dinner costs.
But just how much more expensive is Thanksgiving dinner in 2024?
And how can hosts cut the costs offeeding hungry family members?
Grocery Trends
TheU.S.
Department of Agriculturereports that food prices rose 25% from 2019-2023.
In 2024, grocery prices have continued rising, but less quickly.
The latestConsumer Price Indexshows that at-home food prices have risen 1.3% over the last 12 months.
Consumers have noticed, too.
Clark-Simpson notes that 74.1% of our respondents indicate that inflation is affecting their holiday shopping overall.
Brand birds are selling for 2% less but generic turkey prices are up 5%.
Even so, store brand turkeys still cost less per pound than their name-brand counterparts.
Turkeys also cost far less than beef in todays market.
Cattle inventory currently sits at its lowest level since 1951, according to theAmerican Farm Bureau Federation.
In other words, stick with turkey or chicken this Thanksgiving.
Other Thanksgiving Staples
The Wells Fargo report found that stuffing prices have risen sharply this year.
Fortunately, salad prices have dipped since last Thanksgiving.
Name-brand salad mixes have dropped 2% in price while generic salad mixes are down 1%.
Premade pumpkin prices have risen, up 1% for name brands and 3% for store brands.
And sometimes, they taste just as good or even better.
Check generic prices before splurging on the name brands.
Shopping early also lets you seek out bundled deals.
In fact, the Walmart bundle includes the raw ingredients which you must then prepare and cook yourself.
Besides, making dishes from scratch almost always turns out healthier than processed premade foods anyway.
Buy & Bake in Bulk
Buying in bulk saves money, and cooking in bulk saves time.
Consider making your Thanksgiving dinner a potluck, and putting each guest in charge of one dish.
That keeps everyones costs and cooking time manageable and lets each person buy and bake in bulk.
Thanksgiving doesnt have to be outrageously expensive, even in an era of hot inflation.
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