Stores prepare for Thanksgiving: Who will join in cutting prices?

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Stores prepare for Thanksgiving: Who will join in cutting prices?
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The holiday season is approaching quickly, and Thanksgiving will be one of the first major celebrations of the season. With grocery prices at inflated levels compared to previous years, shoppers will focus on prices as they try to feed family and friends.

This week the German grocery chain, which boasts some 2,336 locations around the United States, said,"Starting Nov. 1, and lasting throughout the entire holiday season, customers will see price reductions of up to 50% on items across the store." The U.S. Department of Agriculture's Economic Research Service said in a September Consumer Price Index report that the price of grocery store or supermarket food purchases increased by 0.1% from July to August this year. Prices were 3% higher than in August of last year.

Annette Economides, of the website Money Smart Family, told Consumer Reports,"Thanksgiving is actually one of the most economical meals you can host."

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