Major U.S. grocers are going head-to-head, offering similarly discounted Thanksgiving food baskets to attract cost-conscious customers squeezed by high prices.

Although overall inflation has fallen significantly and has moved closer to the Federal Reserve's 2% target, prices for some food items remain in the double digits.

Primerica's Financial Security Monitor's latest survey surveyed households earning between $30,000 and $130,000 per year and found that 40% of respondents cited inflation as their biggest concern.

Holiday spending is expected to hit a new record this year

That's why Aldi, Walmart and Sam's Club have already announced in recent weeks that they will be offering discounted Thanksgiving baskets, continuing the trend we saw before the holiday season last year.

Aldi

Aldi announced this week that it is offering its cheapest Thanksgiving basket in five years. The basket includes a full meal for 10 people for less than $47.

An external view of the signage of a branch of budget supermarket Aldi in Bristol, England. (Matt Cardy/Getty Images/Getty Images)

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The company said the meal costs less than $4.70 per person and includes a Butterball turkey with seasonings, gravy, rolls, macaroni and cheese, stuffing, and ingredients for cranberry sauce, mashed potatoes, sweet potato casserole, green bean casserole, and Pumpkin covers pie.

Aldi said this deal came about because “shopper demand is driving the retailer’s continued growth.” The company plans to open 800 stores in the next five years.

Walmart

Walmart also announced Thursday that it is offering what it calls an “inflation-free Thanksgiving meal.”

The Arkansas-based retailer said the meal was “a lower price than last year” and cost about $7 per person.

The meal serves eight people and consists of 29 items, including a turkey priced at $0.88 per pound. Other items include sweet Hawaiian rolls, corn, cranberry sauce, gravy mix, mushroom soup, corn mix and a pecan pie.

The food is available until December 24th.

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Sam's Club

Sam's Club CEO Chris Nicholas previously told FOX Business that the Walmart-owned company is offering a full Thanksgiving dinner for 10 people for under $100. That includes turkey, sides and dessert, Nicholas said.

A shopper stocks up on goods at a Sam's Club store in Streamwood, Illinois, on January 12, 2018. (Scott Olson/Getty Images/Getty Images)

Jack Kleinhenz, chief economist at the National Retail Federation, reported Thursday that there were “some signs of tightening in consumer spending,” although September retail sales showed that consumers are still “willing to spend where they find value.” see”.

Eric Revell of FOX Business contributed to this report.