Putting together a Thanksgiving feast isn’t cheap for the average consumer, which is why Target is offering Americans a $25 dinner for four this year.
The meal, available online and in stores, includes a turkey for less than $1 per pound – and all the trimmings for a price that won’t break the budget.
There’s enough in there to serve four, with a 10-pound frozen turkey, 5-pound russet potatoes, 12 oz of Heinz turkey gravy, 14.5 oz of green beans, and 6 oz of Stove Top turkey stuffing mix.
The $25 deal also includes a 14 oz can of Ocean Spray cranberry sauce and a 22 oz can of Campbell’s Cream of Mushroom Soup.
It comes after a report from Wells Fargo found that Americans could still pay a little more for Thanksgiving dinners this holiday season — despite the cost of turkeys having dropped nearly 10 percent since last year.
Putting together a Thanksgiving feast isn’t cheap for the average consumer, so Target is offering Americans a $25 dinner for four this year
“Despite food inflation having eased to 2.4 percent since last October, this year’s celebration will be no less expensive,” a report from the Wells Fargo Agri-Food Institute warned.
That’s because the cost of other typical Thanksgiving groceries is rising, including ham, potatoes, pumpkin and canned cranberries.
Retailers are asking a premium for ham, which hit a record price of $4.56 per pound in September – more than 5 percent more than last year.
Canned goods may be more expensive overall this year, with canned cranberries up as much as 60 percent and canned pumpkin up 30 percent, the report said.
Although less premium is paid on potatoes, sweet potatoes are now 4 percent more than last year. Russet potatoes, most of which come from Idaho and Washington, cost $1.17 per pound in September.
The Agri-Food Institute suggested that Americans could get better prices if they live in the states where the goods come from.
“For consumers on the East and West Coasts, meal ingredients travel many miles to the table, unlike consumers in the Midwest,” the paper said.
The cost of whole fresh turkeys has dropped nine percent since last year, but the price of most other Thanksgiving items has increased, according to an article from the Wells Fargo Agri-Food Institute.
Target isn’t the only retailer offering cheaper deals for Thanksgiving this year.
Walmart announced it would “eliminate inflation” and offer meals at a lower price than in 2022, and Aldi said it would reduce the cost of more than 70 Thanksgiving dinner items by as much as 50 percent.
It comes as many Americans are feeling the pinch after a period of sustained inflation.
Annual inflation remained stable in September, with prices rising 3.7 percent from the previous year.
While this is down from the 40-year high of 9.1 percent last June, it is still well above the Federal Reserve’s target of 2 percent.
“We know our guests are looking for incredible value and convenience as they get ready to celebrate Thanksgiving with their loved ones,” Rick Gomez, Chief Food and Beverage Officer at Target, said in a statement. rack.
Annual inflation held steady in September, with prices rising 3.7 percent from the year before but still above the Federal Reserve’s 2 percent target
For an additional $10, customers can also add chopped mushrooms, garlic and herb seasoning for the turkey and crispy onion rings “to make dinner even more delicious.”
Customers can take advantage of Target’s free Drive Up service when they purchase the deal online and have the items brought to their car, or have them delivered to their home with same-day delivery with Shipt. They can also pick up the items in the store.
Qualifying items can also be paid for with Supplemental Nutrition Assistance Program (SNAP) benefits.
Target also offers sides and desserts for under $5, including Favorite Day apple crisp ice cream, soft pumpkin spice sandwich cookies and mini pecan pies.
California Roots cabernet sauvignon red wine, chardonnay white wine and – for the first time this year – Marks & Spencer bellante prosecco and bellante prosecco rosé are also available for $5.