Talking turkey: Fewer birds means
higher Thanksgiving prices
By Steve Leer
November 9, 2010
Consumers should count their blessings as they spend a little more for the annual Thanksgiving feast this year because they're likely to face even higher food prices in 2011, a Purdue University agricultural economist says.
September's Consumer Price Index indicates that retail food prices are up 1.4 percent from September 2009, said Corinne Alexander. "This is what we could consider a fairly modest price increase," Alexander said. "What I would consider a normal or typical food price increase is somewhere around 2.5 percent."