In 2023, the average price of a 16-pound turkey during Thanksgiving in the United States (U.S.) amounted to 27.35 U.S. dollars. All other ingredients were within the price range of 0.9 and 4.44 U.S. dollars. A dozen dinner rolls cost the American consumer on average 3.84 U.S. dollars.
Prices for Thanksgiving dinner ingredients in the U.S.
The meaning of Thanksgiving for more than two-thirds of Americans is to spend time with the family or to be thankful. Moreover, for almost half of Americans, Thanksgiving means having a good meal. However, the costs of a Thanksgiving dinner have increased in recent years. 2022 experienced the largest year-over-year percentage price increases for Thanksgiving dinner items in the U.S. since 2008. In comparison to the previous year, the price increases ranged between 14 and 19 percent. To accommodate for higher grocery prices, more than four-fifths of Americans who hosted a Thanksgiving dinner that year, stated in a survey that they would look for deals and discounts. Approximately 75 percent of Thanksgiving hosts stated that they would seek out stores that offer the lowest food prices or buy store-brand products.
Shopping during Thanksgiving weekend
In 2023, a total of 182 million people in the U.S. were forecast to shop during Thanksgiving weekend. This is approximately 25 million people more than during the year 2020 when significantly fewer people went shopping due to the impact of the pandemic. The Thanksgiving weekend typically refers to Thanksgiving Day on Thursday, Black Friday, Small Business Saturday, and Cyber Monday. According to a recent survey on the topic, approximately 25 percent of U.S. consumers were planning to spend between 101 to 200 U.S. dollars for Thanksgiving in 2023. The main shopping location for U.S. consumers during Thanksgiving is the grocery store, where more than three-quarters of consumers do their shopping.
