Wells Fargo calculated the cost of a Thanksgiving meal for ten people. In two separate analyses, experts focus on the cost of name brand and store-brand to compared which is more cost effective.
While inflation may be slowing, Wells Fargo experts warn that Thanksgiving will still be challenging, as consumers continue to feel "the sting of higher prices." But shoppers, still adjusting to historically high food prices, will find some relief by sticking to store-brand products, according to Wells Fargo chief agricultural economist Michael Swanson.
meal using only name-brand products will cost $90 this year, a 0.5% decrease from last year’s Thanksgiving meal, the Wells Fargo report said. The same meal prepared with store brands will cost $73, a 2.7% increase from last year, according to the report.
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