How Much Will It Cost To Make Thanksgiving Dinner in 2023?

We’ve been talking a lot about Halloween and Christmas, but we shouldn’t forget about the holiday in the middle that many Americans celebrate!

Thanksgiving Eats from Liberty Tree Tavern in Magic Kingdom

Thanksgiving is a day of gathering with friends and family to share a meal and be grateful for all that we have. Unfortunately, affording that meal is getting more and more challenging as the cost of everything continues to increase with inflation. With this holiday right around the corner, we want to let you know what one grocery company plans to do about this issue and how you can save some money shopping for your big feast!

Good Morning America recently took a look at the price outlook for Turkey Day and what we can expect to pay this year on groceries for the holiday that is only one month out. Phil Lempert, CEO of SupermarketGuru, told Good Morning America that prices for groceries are up 2.4% from last year, but that’s on top of the 11.4% increase we saw in last year’s prices.

Thanksgiving Feast Time!

But now, a small Thanksgiving miracle is about to happen with one major retailer. Walmart’s CEO, John Furner, told Good Morning America that he plans to ignore inflation this year so that consumers can afford a Thanksgiving dinner more easily.

©Good Morning America

This year a Thanksgiving basket from Walmart will have the necessary ingredients to feed up to 10 people but will “sell for around $2 less than last year,” said Furner. The basket will cost just over $70. This is after most food items have increased in price from last year. Things like ham (6.9%) and potatoes (2.7%) are up significantly.

Luckily eggs have recovered from last year, down 28.8%. And the star of the show, turkey, is down 22% since last year thanks to a reduction in the avian flu.

Thanksgiving meal at Aulani 2022

Starting November 1st through December 26th, you can purchase holiday food baskets from Walmart. One will have ingredients to cook a meal from scratch and another with ready-to-bake items for those not so keen on cooking.

Walmart

Also, as we start nearing November, you should be on the lookout for all grocery stores to start their holiday deals. Locations like Aldi have “announced savings up to 50% on a list of 70 Thanksgiving items, including gravy, potatoes and pumpkin pies.” Experts are suggesting to start shopping early for items that won’t spoil and opting for generic brands to save money on your meals.

©Aldi

Remember, all the stores want your money, so Lempert suggests having a shopping list and shopping around to find the best prices. Hopefully, we start to see the deals coming so we can afford those big Turkey Day meals!

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Do you like to have large meals with friends and family for Thanksgiving? Let us know in the comments!