A Thanksgiving Turkey? Better Watch Your Wallet.
As the holiday season approaches, many Americans are planning their Thanksgiving feasts. This year, however, it's not all about overindulgence and breaking the bank – according to a new survey by the Illinois Farm Bureau, grocery prices for turkey have taken a significant hit compared to last year.
The national average price of a 16-pound frozen turkey has dropped by a whopping 16.3% from $25.75 in 2024 to just $21.50, or $1.34 per pound. This reduction is attributed to lower consumer demand and fewer farms affected by the devastating Highly Pathogenic Avian Influenza outbreaks.
While this might be music to your ears, not all side dishes are created equal. Prices for certain items have actually increased – sweet potatoes rose by 37%, while veggie trays jumped a staggering 61%. The Illinois Farm Bureau attributes these rises to hurricane damage and volatile vegetable prices affected by supply chain disruptions and labor shortages.
Despite some unexpected price hikes, the overall cost of a Thanksgiving meal remains relatively reasonable. According to the survey, the statewide average price for a 10-person meal dropped from $59.44 in 2024 to $49.20 this year, marking a 5% decline since 2023.
While consumers may be breathing a sigh of relief over lower turkey prices, larger retailers still hold the power when it comes to negotiating bulk deals, which can result in even better value for shoppers.
With inflation and food costs on the rise, it's refreshing to see some relief at the grocery store – especially around the holidays. So go ahead, take advantage of those discounted turkeys, but be sure to keep an eye out for any price bumps during the rest of your meal prep.
As the holiday season approaches, many Americans are planning their Thanksgiving feasts. This year, however, it's not all about overindulgence and breaking the bank – according to a new survey by the Illinois Farm Bureau, grocery prices for turkey have taken a significant hit compared to last year.
The national average price of a 16-pound frozen turkey has dropped by a whopping 16.3% from $25.75 in 2024 to just $21.50, or $1.34 per pound. This reduction is attributed to lower consumer demand and fewer farms affected by the devastating Highly Pathogenic Avian Influenza outbreaks.
While this might be music to your ears, not all side dishes are created equal. Prices for certain items have actually increased – sweet potatoes rose by 37%, while veggie trays jumped a staggering 61%. The Illinois Farm Bureau attributes these rises to hurricane damage and volatile vegetable prices affected by supply chain disruptions and labor shortages.
Despite some unexpected price hikes, the overall cost of a Thanksgiving meal remains relatively reasonable. According to the survey, the statewide average price for a 10-person meal dropped from $59.44 in 2024 to $49.20 this year, marking a 5% decline since 2023.
While consumers may be breathing a sigh of relief over lower turkey prices, larger retailers still hold the power when it comes to negotiating bulk deals, which can result in even better value for shoppers.
With inflation and food costs on the rise, it's refreshing to see some relief at the grocery store – especially around the holidays. So go ahead, take advantage of those discounted turkeys, but be sure to keep an eye out for any price bumps during the rest of your meal prep.