Traditional Turkey Dinner Costs 13 Percent More

Thursday, 10 Nov 2011 06:02 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — Putting a traditional turkey dinner on the table is going to be pricier this Thanksgiving.

The American Farm Bureau Federation reported Thursday that a meal with turkey and all the trimmings will cost about 13 percent more this year.

The trade group estimates a classic meal for 10 will cost $49.20 on average. That is $5.73 more than last year's $43.47 average.

The meal will cost less than $5 a person, but it's still much more expensive than in years past. The jump results from food makers and grocers raising their prices to cover higher commodity costs.

Nearly everything from cranberries to pumpkin pie is pricier this year, but the biggest hike is for the main course: A 16-pound turkey costs almost $4 more this year, at $21.57, according to the trade group.

The group surveyed prices in stores nationwide. But grocers often discount key items as the holiday approaches and that could reduce the cost of Thanksgiving dinner.

John Anderson, senior economist for the Farm Bureau, said it's important to remember that Americans spend a smaller percentage of their income on food than most people around the world.

"Given what is going on in the economy, higher prices on anything are not welcome," Anderson said. "(But) it does not have the same impact as food prices in other parts of the world do. We are fortunate in that sense."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rick Perry: Oklahoma Beheading Was Terrorism

Tuesday, 30 Sep 2014 10:32 AM

Texas Gov. Rick Perry is calling on the Obama administration to take a deeper look into a beheading at a food plant in O . . .

Congress Must Act or Dozens of Tax Breaks to Expire at Year's End

Tuesday, 30 Sep 2014 10:24 AM

While it will be termed a lame-duck session, when Congress returns to business following the election, they have a packe . . .

Robert Reich: Reagan Policies Killed Job Creation

Tuesday, 30 Sep 2014 10:00 AM

Ronald Reagan's economic policies that allowed the rich to accumulate wealth have stifled job creation and hurt the econ . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved