Thanksgiving dinner will cost less this year, analysts say

FILE – NASA Astronaut Steve Bowen joins LiveNOW’s Austin Westfall in November 2023 to explain how astronauts celebrate Thanksgiving in space.
Your Thanksgiving turkey and some side dishes are expected to be a bit cheaper this year thanks to cooling inflation. 
According to numbers provided by Datasembly, a data collection company, this year’s Thanksgiving dinner will cost $50.58 on average, about $3 less than it cost in 2023, but roughly $10 more than it did in 2019. 
A recent Wells Fargo consumer report predicts a 16% drop in turkey prices from last year, but the savings may not be as significant for shoppers because retailers aren’t fully passing on the wholesale price cuts.
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The report found that while wholesale prices are down a whopping 29%, supermarkets are keeping more of that gap to pad their margins. Analysts say retailers know you’ll still flock to buy that bird in November, and prices will likely dip more in the days leading up to the big feast.
Here’s what Datasembly says these 10 typical Thanksgiving staples will cost in 2024, and how those prices have changed since 2019. 
Traditional Thanksgiving dinner (Photo by John Moore/Getty Images)
This report includes information from Datasembly, Wells Fargo and previous FOX TV Stations reporting.