Wednesday, November 14, 2007

Thanksgiving Dinner will cost more this year

Next week is Thanksgiving and this year the total cost for dinner will be slightly higher than last year:

“Food prices in 2007 are up across the board,” said Corinne Alexander, Purdue agricultural economist. “What we’ve seen happen in 2007 is different from previous years.

“This year we’re seeing food prices increase at a rate of 4.4 percent, which is well above the 10-year average of 2.6 percent. In general, food price inflation has been lower than the rest of inflation, but this year that’s changed.

More from Kansas City Star:

Higher energy prices mean Missouri consumers could be paying more this year for their Thanksgiving meal, a farm industry survey has found.
According to an informal survey released Monday by the Missouri Farm Bureau, the cost of 19 basic food items used to fix a traditional Thanksgiving dinner for 10 people this year averages $38.44, or $3.84 per person.
That’s up from $34.24, or $3.42 a person last year.

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