In the past year, food prices are up more than 3%, and President Trump has been getting a healthy serving of complaints. He responded, two weeks before Thanksgiving, by rolling back tariffs on hundreds of food products. Kelly O'Grady explains what to expect with your holiday grocery bill.

Washington

Food prices in the United States have risen by over 3 percent in the past year, with notable increases in turkey, cranberries, and green beans due to factors such as bird flu and ongoing tariffs. Despite these increases, the overall cost of a Thanksgiving meal is expected to be slightly lower than last year, as retailers introduce bundled deals to keep per-person costs down.

Major grocery chains are offering meal packages for families, focusing on affordability by bundling essential holiday items. Some products, such as butter, bread, and eggs, have seen price decreases, while tariffs continue to affect the cost of imported goods and canned items.

What to expect from your Thanksgiving grocery bill this year

In the past year, food prices are up more than 3 percent. Some individual items, a lot more. And President Trump's been getting a healthy serving of complaints. He responded two weeks before Thanksgiving by rolling back tariffs on hundreds of food products. Kelly O'Grady now on whether the holiday bill affair will mean a fairly big bill. So what can consumers expect this Thanksgiving when it comes to prices? So the good news is Thanksgiving is going to be a little less expensive than it was last year, but turkey prices are up 40 percent. Phil Lembert is a food industry analyst known as the supermarket guru. Turkey prices, why are they up this year? There's a shortage of turkeys. Because of bird flu, over the past few years, we have less turkeys and less chickens. And that's what's creating this influx of prices. Average frozen wholesale turkeys are $1.32 per pound. That's up from 97 cents per pound last year. Feast favorites, cranberries, are up 6 percent, while green beans are up 32 percent. However, staples like lettuce, milk, soft drinks and potatoes are flat or up slightly from a year ago, while butter, bread and eggs are down. Are tariffs having an impact at all on grocery prices? Absolutely. There's no question. Whether it's an imported product like olive oil or imported cheeses or imported wines, tariffs have an effect. But also, let's not forget, there's a tariff on aluminum cans. So that, in fact, even on our canned pumpkin, is going to increase those prices. Grocery chains, including Walmart, Aldi and Lidl, have deals to feed a family of 10 for $4 or less per person. All include turkey, stuffing, potatoes, pie and other sides. What they're doing is they're putting together 10, 15, 20 items in a bundle, and that way we're forgetting about what the price is, but we're looking at the price per person. While Walmart's Thanksgiving meal deal is cheaper compared to last year, it contains fewer items. Retailers understand consumers are price conscious, so they're finding ways to make things more affordable in what is their most important season.

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