Thanksgiving Grocery Prices: What to Expect in 2023

Thanksgiving Grocery Prices: What to Expect in 2023
Phillip Russell Farr
  • 23 November 15:07, 2024
As Thanksgiving approaches, grocery prices are set to impact your feast. Experts discuss which items will be cheaper and which ones are more expensive this year. Get ready for your Thanksgiving shopping with insights from economists.
Understanding Thanksgiving Grocery Prices in 2023

Understanding Thanksgiving Grocery Prices in 2023

As Thanksgiving draws near, grocery costs are a significant concern for many families. Inflation, albeit stabilizing at 2.6%, continues to affect food prices. However, data reveals that while some items have become pricier, others have seen declines. It's crucial for consumers to grasp which essential items might strain their holiday budget and plan accordingly.

Rising and Falling Prices of Thanksgiving Essentials

Rising and Falling Prices of Thanksgiving Essentials

Recent reports highlight a mixed bag of pricing for Thanksgiving staples. While turkey prices are down, common sides like stuffing and cranberries have risen. Understanding these fluctuations guides families in budget allocation. Consumers should consider alternatives such as more affordable side dishes to maintain a lavish feast without overspending.

Tips for Smart Thanksgiving Shopping

Tips for Smart Thanksgiving Shopping

To stretch your Thanksgiving budget further, savvy shopping is essential. Experts recommend making a comprehensive list and sticking to it. Retailers like Walmart and Aldi offer various deals, including pre-packaged meal options. Shoppers focusing on sales and discounts can significantly chip away at total costs, allowing for a festive and satisfying Thanksgiving experience without financial regrets.

As Thanksgiving approaches, Americans are preparing for their annual feast, but grocery prices may affect their plans this year. With inflation at a steady rate of 2.6%, shoppers may still notice a rise in their Thanksgiving grocery costs compared to last year. According to UAB economics assistant professor Ben, while some essential items have seen a price drop, others have become more expensive. Turkey, for instance, is down 3.9% compared to last year, making it a relatively affordable option this Thanksgiving. However, items such as stuffing, cranberries, and certain fresh fruits are seeing a price increase, likely due to lingering effects of inflation and supply chain disruptions from the pandemic. Experts predict that the average host will spend about 19% more this year. Reloading a holiday feast might feel burdensome, but it’s essential to keep an eye on both expenses and options at the grocery store. Retailers like Aldi and Walmart are making it easier for customers by offering pre-packaged Thanksgiving meals for less than traditional costs. For example, a complete meal for four can cost as low as $20, allowing hosts to save on time and expenses. Those who manage to stick to their budgets and shop smart may notice that their holiday spirit can remain high, despite inflationary pressures this year. Financial experts recommend making a shopping list and being aware of sales to maximize savings as the shopping season progresses.
  • Thanksgiving
  • grocery prices
  • inflation
  • holiday shopping
  • budget tips

Comments

@vernonbowling5136

Democratflation has been hard to survive 😔

@peachmango5347

I could eat a peanut butter and jelly sandwich and be thankful the Democrats are OUT!

@lisaayers1975

I wont be having Thanksgiving dinner this year 😢😢 Thanks Biden

@mr.horse1801

Listen to these fools try and justify 2 things cheaper while literally everything else is more expensive

@NONANTI

Prices up 75% over the last 4 years but down 3% this year. Thanks Mr. Biden.

@macharrington7733

Every grocery item I buy is higher than 4 years ago....much higher

@SusanLopez-j1r

Great work! I got 1950 USD on OKX and these 12 words: (basket ethics arch lend brother credit supply poverty borrow deer treat guitar). How do I send it to Kraken?

@davidmotyka2708

Trump will bring down inflation and food will be cheaper.

@daisylu1203

How many Thanksgivings, Christmases and birthdays has Bidenomics ruined the past 3 years, not to mention family vacations, homes, living conditions. But the undocumented have been supported by hard working US taxpayer dollars, housing, food, medical, education, some for years. Democrats and Biden administration have been supported in style by our taxes, after Jan. 20, we all will learn just how well.

@politicsuncensored5617

We will be doing our Thanksgiving dinner without turkey. Never cared much for it. We make Alaska snow crabs each year. Cost a lot more this year, but worth it.

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