The Enid News and Eagle, Enid, OK

Community News Network

November 11, 2012

Cost of Thanksgiving dinner rises 28 cents

CHICAGO — Surging turkey prices mean this year's Thanksgiving dinner will cost 0.6 percent more than in 2011, even with cheaper holiday-food staples including stuffing, potatoes and pumpkin pie, a farm group said.

The average cost of feeding 10 people the 12 items typically served during the holiday meal will be $49.48, up from $49.20 last year, according to the American Farm Bureau Federation. While that's the highest since the survey began in 1986, the inflation-adjusted cost is down from last year, which was the highest since 1990. The U.S. celebrates Thanksgiving this year on Nov. 22.

The Department of Agriculture estimates the cost of all food will increase 2.5 percent to 3.5 percent this year, with an even bigger increase in 2013, after the nation's worst drought since the 1950s damaged crops and forced livestock producers to shrink their herds.

"At just under $5 per person, the cost of this year's meal remains a bargain," Bob Stallman, president of the farm group, said Thursday in an e-mailed statement.

Turkey prices, up 3.1 percent, accounted for 66 cents of the increase in the cost of the meal, according to the survey. The national average price for a 16-pound bird is $22.23 this year, or about $1.39 a pound, excluding grocer promotions or rebates, the Federation said.

"Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings," John Anderson, the bureau's deputy chief economist, said in the release. "A slight increase in demand for turkey is responsible for the moderate price increase."

About 304.6 million pounds of frozen whole turkeys were in U.S. warehouses at the end of September, down 9 percent from a year earlier, Department of Agriculture data show. About 184 million young turkeys were processed in the first nine months of the year, up 1.9 percent from the same period a year earlier.

Text Only
Community News Network
  • Victimized by the 'marriage penalty'

    In a few short months, I'll pass the milestone that every little girl dreams of: the day she swears - before family and God, in sickness and in health, all in the name of love - that she's willing to pay a much higher tax rate.

    April 15, 2014

  • Allergies are the real midlife crisis

    One of the biggest mysteries is why the disease comes and goes, and then comes and goes again. People tend to experience intense allergies between the ages of 5 and 16, then get a couple of decades off before the symptoms return in the 30s, only to diminish around retirement age.

    April 15, 2014

  • treadmill-very-fast.jpg Tax deduction for a gym membership?

    April marks another tax season when millions of Americans will deduct expenses related to home ownership, children and education from their annual tax bill. These deductions exist because of their perceived value to society; they encourage behaviors that keep the wheels of the economy turning. So why shouldn't the tax code be revised to reward preventive health?

    April 15, 2014 1 Photo

  • bomb1 VIDEO: A year after marathon bombing, Boston remains strong

    The City of Boston came together Tuesday to honor those who were injured and lost their lives at the Boston Marathon on the one-year anniversary of the bombing. While the day was sure to be emotional, those affected by last year's race are showing they won't let the tragedy keep them down.

    April 15, 2014 1 Photo

  • Google acquires drone maker Titan Aerospace to spread Internet

    Google is adding drones to its fleets of robots and driverless cars.
    The Internet search company said it acquired Titan Aerospace, the maker of high-altitude, solar-powered satellites that provides customer access to data services around the world. Terms of the deal weren't disclosed.

    April 14, 2014

  • E-Cigarettes target youth with festivals, lawmakers say

    The findings, in a survey released Monday by members of Congress, should prod U.S. regulators to curb the industry, the lawmakers said. While e-cigarettes currently are unregulated, the Food and Drug Administration is working on a plan that would extend its tobacco oversight to the products.

    April 14, 2014

  • Search teams will send unmanned sub to look for missing Malaysian airliner

    Teams searching for a missing Malaysian airliner are planning for the first time to send an unmanned submarine into the depths of the Indian Ocean to look for wreckage, an Australian official leading the multi-nation search said Monday.

    April 14, 2014

  • Why Facebook is getting into the banking game

    Who would want to use Facebook as a bank? That's the question that immediately arises from news that the social network intends to get into the electronic money business.

    April 14, 2014

  • Screen shot 2014-04-11 at 4.49.09 PM.png Train, entertain your pets with these 3 smartphone apps

    While they may not have thumbs to use the phone, pets can benefit from smartphone apps designed specifically for them.

    April 11, 2014 1 Photo

  • Stepping forward: The real Colbert

    Letterman changed the late-night TV game between his run on NBC's "Late Night" and starting the "Late Show" franchise in 1993. And while it's tough to replace a pop-culture icon, Colbert, in terms of pedigree and sense of humor, makes the most sense.

    April 11, 2014