Trump praises Walmart for slashing Thanksgiving meal prices

Core Insights - Major grocery retailers, including Walmart, are launching holiday meal deals to address high food prices affecting consumers, which has garnered attention from the Trump administration [1][2] Group 1: Walmart's Thanksgiving Meal Deal - Walmart's standard Thanksgiving meal is priced 25% lower than the previous year, costing less than $40 for a meal serving 10 people, equating to about $4 per person [2][3] - The initiative aims to alleviate financial pressure on families as grocery prices remain elevated [3] Group 2: Competitors' Holiday Meal Offers - Target has introduced a holiday meal bundle for four at under $20, which is approximately $5 per person [8] - ALDI claims to have the lowest per-person price for a Thanksgiving meal, offering a deal for 10 people at about $40, which is $7 cheaper than last year [10] - Amazon is set to provide a meal for five at $25, available from mid-November through Nov. 27 [11] - Lidl is offering a meal for 10 for less than $36, including various items, available until Nov. 27 [12] Group 3: Market Trends and Economic Context - Over the past year, food prices at home have increased by 2.7%, while the average cost of food, including groceries and restaurant meals, rose by 23.6% from 2020 to 2024, surpassing overall inflation of 21.2% during the same period [5] - The competitive pricing strategies among grocery retailers reflect a response to inflationary pressures on household budgets, with each retailer aiming to attract budget-conscious consumers [7]