With Thanksgiving less than three weeks away, the question of how much this year’s turkey and trimmings will cost looms large, especially with grocery prices 2.7% higher than they were in 2024.

President Donald Trump has claimed over the past two days that costs for the Thanksgiving meal are down 25% this year, citing a prepackaged Thanksgiving meal basket from Walmart.

“I just saw that Walmart came out with a statement last night, they’ve done it for many years, that Thanksgiving this year will cost 25% less than Thanksgiving last year,” he said during a news conference on Friday with Hungarian Prime Minister Viktor Orbán.

But Trump’s numbers are off. Here’s a closer look at the facts.

CLAIM: Walmart prices show that the cost of Thanksgiving dinner is 25% lower in 2025 than in 2024.

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