If you’re already preparing for next week’s Thanksgiving celebration, you might have noticed slightly lower food costs.
A traditional Thanksgiving — we’re talking turkey and all the fixings plus desert for an Arizona family of 10 — will cost $53.17 or roughly $5.31 per person, according to the Arizona Farm Bureau. That’s down 21 cents from last year.
And that one big ticket item, the turkey, is also down.
A 16-pound turkey costs, on average, 3 cents a pound less compared to 2024.
“To me, it is because the turkey, which is the centerpiece of the Thanksgiving day meal, it's a willing loss most of the time for your retail stores," said Julie Murphree with the Arizona Farm Bureau.
At the same time, wholesale turkey prices are up. So what accounts for the discrepancy?
“We have frozen bird inventories that are up 4% from the previous year at this time," Murphree said.
Murphree said most grocers are willing to eat the loss, so to speak, because once a shopper is in the store, they are likely to fill their cart with higher-priced items.
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