"We're kind of on the low end of expectations with this year's result," said John Anderson, deputy chief economist at the American Farm Bureau Federation, during a phone interview.
Typical price increases are more in the 1.5 to 2 percent range.
The basket's 0.8 percent increase is a fraction of the 3.2 percent rise in the CPI's food-at-home index for the 12 months ended in September.
Read MoreTurkeys looking scarce, but don't panic just yet
Percentage wise, the price of the basket's miscellaneous items including butter and eggs rose the most at 8.8 percent. The jump in whipping cream was close-by at 8.1 percent. Sweet potatoes were also sharply higher, jumping 6 percent.
The bird itself, the largest cost by far, actually dropped marginally in price despite turkey production dropping to its lowest level in nearly 30 years. This helped keep the basket in check.
"Probably the most important item is the one that didn't really move a lot," Anderson said. "It's the big ticket item, and it drives a lot of what typically happens in this market basket."
Read MoreBlack Friday: Not just the day after Thanksgiving anymore
This suggests that grocers are heading off prices increases to get customers in the door, he added. The recent drop in energy prices also makes it easier to keep retail prices stable.