Shoppers look to save money on Thanksgiving dinner as prices skyrocket

BALA CYNWYD, Pennsylvania (WPVI) — With Thanksgiving just days away, families are making their way to grocery stores as prices of essential items have skyrocketed.

“You know what, too bad,” said East Falls’ Wanda Crockett. “I’m still preparing everything I’ve done every year. It’s Thanksgiving, I’ll just cut back afterwards.”

According to the Bureau of Labor Statistics, the price of a turkey is up 17% year over year. But if you switch it up this year, beef and veal prices are actually down 3.6% from last year.

“The grain costs more to feed them, fuel costs more to supply them, electricity to freeze them,” said Dr. John Stanton, Professor of Food Marketing at Saint Joseph’s University. “Basically, all costs have increased and, unfortunately, are passed on to the consumer.”

SEE ALSO: The price of turkey is up this year, but here’s how to save on this big holiday meal

Tafels work around the clock throughout the region. In Camden, New Jersey, 600 turkeys and other essentials were donated to families on Saturday.

“We will be supplying turkeys to families who need to help them this Thanksgiving holiday,” Camden Mayor Victor Carstarphen said. “Today we are also distributing coats, hats and gloves. I can’t say enough about everyone involved.”

Over in Wilmington, Delaware, the West End Neighborhood House donated essential Thanksgiving food to those in need.

SEE ALSO: Tips for Thanksgiving 2022 Amid Inflation, Rising Grocery Costs, and Savings Opportunities

“We serve 600 families,” said Paul Calistro, managing director of West End Neighborhood House. “Turkey, homemade pies, all fillings, bread. We have about 100 volunteers and a few groups working together to make sure everyone has a wonderful Thanksgiving.”

And for families trying to save some money this year, experts recommend buying branded products instead.

“In today’s market, private labels are just as good as national brands, and they’re generally a bit cheaper,” Stanton said.

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