The holidays are upon us and the cost of Thanksgiving dinner is always a touch point on how Americans are feeling about the state of the economy. The cost of food and energy are big tickets items in any family budget.
After inheriting sky-high inflation, that peaked at 9.1%, from the Biden administration, President Trump’s economic policies have brought down inflation (2.9%) and stabilized the economy.
President Trump promised to crush inflation and lower prices — and he’s delivering this Thanksgiving, with the classic holiday feast about 3% cheaper than last year, according to the Wells Fargo Thanksgiving Food Report.
The report said, “In a win for consumers and a testament to the behind-the-scenes coordination between producers and retailers, the American consumer will have reason to celebrate this Thanksgiving. The cost of Wells Fargo’s Thanksgiving menu has fallen by about 2 to 3%, depending on the shopper’s buying strategy.”
Americans are seeing across-the-board price declines for the holiday staples, with dinner rolls down 22%, frozen vegetables down 15%, and items like turkeys, stuffing, gravy mix, fresh cranberries, and pumpkin pies all costing less.
“It’s proof that under President Trump’s leadership, America is winning the war on high prices — even as Democrats grind the country to a halt with their deranged, reckless government shutdown,” said a White House statement.Meanwhile, retailers are offering their cheapest Thanksgiving meals in years.
Walmart’s Thanksgiving meal costs 25% less than 2024 — with its lowest turkey price since 2019. The meal feeds ten people for just under $4 per person.
Aldi’s Thanksgiving meal costs $7 less than last year — its lowest price since 2019. The meal feeds ten people for $4 per person.
Target’s Thanksgiving meal is at its lowest price ever. The meal feeds four people, for less than $5 per person.