Thanksgiving dinner 2024: How much you can save using store-brand products

Published On Nov 12, 2024, 7:02 AM

Wells Fargo experts anticipate a challenging Thanksgiving for consumers due to high food prices, despite a slight overall decrease in the cost of a Thanksgiving meal using name-brand products. Their analysis shows that a Thanksgiving meal for ten will cost $90 using name-brand foods, a 0.5% decrease from the previous year, while a similar meal using store-brand products will cost $73, reflecting a 2.7% increase. The report suggests consumers can save money by choosing store-brand items, as the price gap between store and name-brand products is narrowing, although certain items like turkey remain competitively priced. Food inflation persists, impacting prices across various food categories, including turkey, stuffing, and beverages.