• Thanksgiving dinner to be more expensive this year

    November 11, 2011 No comments

    A Thanksgiving turkey is going to cost 3 cents to 7 cents more per pound this year, according to a Purdue University agricultural economist.

    Corinne Alexander said, “Looking at overall food price inflation, consumers are probably going to be paying about 5 to 6 percent more for Thanksgiving dinner than last year, which is an above-average increase in food costs. We consider normal food price inflation at somewhere around 2.5 percent.”

    The cost of sweet potatoes, which are abundant, should be 6 percent lower than a year ago, while white potatoes are up 20 percent. If weather cooperates during the current harvesting, those prices could come down.”

    Prices should be stable on canned pumpkin for pies.

    Alexander said, “The main reason for higher prices this year is the increase in commodity prices, as the global economy picks up. Weather events such as flooding in the Midwest and drought in the southern Plains also played a role.”

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