(KRON) -- Good news for consumers as we get closer to Thanksgiving. The cost of the average turkey dinner has dropped since this time last year.
According to a new report from Wells Fargo, a Thanksgiving meal for 10, including dessert, will cost an average of $78.93 this year, which comes out to $7.89 per person. That's a drop of about 0.4% from 2025. However, that price increases to $127.54 if you include wine, beer and sparkling water.
Wells Fargo says the meal includes a turkey, stuffing, fresh cranberries, frozen vegetables, salad mix, mashed potatoes and gravy, dinner rolls and pumpkin pie.
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People shop for frozen turkeys for Thanksgiving dinner at a grocery store in Mount Prospect, Ill., Wednesday, Nov. 17, 2021. First, the good news: There is no shortage of whole turkeys in the U.S. this Thanksgiving. But those turkeys — along with other holiday staples like cranberry sauce and pie filling — could cost more. (AP Photo/Nam Y. Huh)
The biggest relief for shoppers comes from the cranberries and frozen vegetables, which have dropped 6.6% and 4.2%, respectively, according to the report. Meanwhile, turkey has dropped about 0.5% while the price of a prepackaged salad is unchanged from a year ago. Pumpkin pie, gravy mix, and mashed potatoes are all up between 1% and 3%.
The overall price of the meal can fluctuate depending on size and brand, but Wells Fargo says you may be able to get a little more bang for your buck if you buy the larger, 58-ounce pumpkin pie, which actually costs consumers less per ounce.
Shoppers may also be able to save money by shopping around. Different retailers, including Target, Amazon and Walmart, are offering different Thanksgiving meal deals.
A cheaper Thanksgiving meal will likely come as a welcome sight for shoppers who continue to feel the effects of inflation. On Tuesday, the latest report from the Labor Department showed that inflation rose higher than expected from September to October.
According to the report, the consumer price index rose by 0.4% month over month.
