ALDI has announced plans to sell ingredients for Thanksgiving dinner at a record $47 price, the company’s lowest  in five years.

Shoppers will be able to feed 10 people for less than $47 with ALDI’s 2024 Thanksgiving bundle, the company announced Wednesday. That's less than $4.70 per person and it's lower than the store’s asking price back in 2019.

Prices are valid from Wednesday Oct. 16 to Wednesday Nov. 27, ALDI said. This year, Thanksgiving is on Thursday, Nov. 28.

The company’s Thanksgiving basket shopping list includes a 16-pound Butterball turkey with spices, gravy, rolls, macaroni and cheese, stuffing, as well as ingredients for cranberry sauce, mashed potatoes, sweet potato casserole, green bean casserole and pumpkin pie.

“With reports showing grocery prices are up 50% across the industry on hundreds of items compared to 2019, shoppers will get welcome relief at ALDI on their favorite Thanksgiving fixings,” the company wrote in the news release.

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"Every day at ALDI, we are focused on finding ways to deliver the lowest possible prices for our customers – and this Thanksgiving is no different," said Jason Hart, ALDI’s CEO, in the news release. "With 25% of U.S households now shopping ALDI, we know grocery prices are still top of mind for customers. We worked hard this Thanksgiving to deliver the best value and quality products so everyone can enjoy a traditional meal with family and friends without having to scale back."

The company also said it plans to open 800 more stores over the next five years.

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Prices for veggies, poultry, beef, and veal expected to increase, USDA says

Compared to previous years, U.S. food prices are expected to continue to decelerate in 2024, said the Economic Research Service, part of the U.S. Department of Agriculture, on its website.

The findings were part of the agency’s Food Price Outlook for 2024 and 2025, which measures economy-wide inflation. 

The service’s website was updated in late September and according to the recent update, food prices will likely increase in 2025. These increases in food costs will happen slowly compared to the historical average growth rate, the service said. 

Next year, food-at-home prices are expected to increase 0.8% while food-away-from-home prices may increase 3.1%. 

Findings among specific shopping categories include:

• Prices for fish and seafood are likely to decrease 1.6% in 2024
• Prices for cereals and bakery products are expected to increase 0.4% in 2024
• Prices for fresh vegetables are expected to increase 0.6% in 2024
• Poultry prices are likely to increase 1.2% in 2024
• Egg prices are expected to increase 4.9% in 2024
• Beef and veal prices are likely to increase 5.2% in 2024

This story has been updated to clarify food price expectations. Food pricing is expected to decelerate, or increase at a slower rate.

Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Follow her on Twitter at@SaleenMartin or email her at[email protected].