I think RAW is cheaper. After buying a $74.00 bag of kibble today- RAW is cheaper
I don't buy anything over 2/lb and most meat I get at far less than that. I buy turkey necks and backs for less than 1/lb and I just bought whole chickens at that same price for my guys.
RAW is time consuming, but if you enjoy shopping, or are ready to do the footwork I think it can be far less expensive (and really good for your puppy!)