Press-Republican

FYI...

November 13, 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 | Photo Reprints
FYI...
  • 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 23, 2014 1 Photo

  • Teens trading naked selfies for mugshots

    Will teenagers ever learn? You think yours will. Maybe so. But it's likely that was also the hope of the parents of children who were so shamed by nude photos of themselves that went south - how else can they go - that they killed themselves.

    April 22, 2014

  • Boston doctors can now prescribe you a bike

    The City of Boston this week is rolling out a new program that's whimsically known as "Prescribe-a-Bike." Part medicine, part welfare, the initiative allows doctors at Boston Medical Center to write "prescriptions" for low-income patients to get yearlong memberships to Hubway, the city's bike-share system, for only $5.

    April 21, 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 19, 2014

  • DayCareCosts.jpg Day care's cost can exceed college tuition in some states

    Most parents will deal with an even larger kid-related expense long before college, and it's a cost that very few of them are as prepared for: day care.

    April 18, 2014 1 Photo

  • Millions of Android phones, tablets vulnerable to Heartbleed bug

    Millions of smartphones and tablets running Google's Android operating system have the Heartbleed software bug, in a sign of how broadly the flaw extends beyond the Web and into consumer devices.

    April 17, 2014

  • 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 16, 2014

  • news_twitter.jpg Travelers fly on Air Twitter

    The enlightened age of social media has dawned over the airline industry, casting shadows over telephone call centers and on-site agents. Facebook and Twitter are racking up the friends and followers while the hold music plays on.

    April 15, 2014 1 Photo

  • 297px-Starbucks_Corporation_Logo_2011.svg.png Why Starbucks won't recycle your paper coffee cup

    When you drop that used white paper cup into the bin next to the door at a Starbucks, have you done your part to save the planet? Starbucks has long hoped that you would think so. After all, there's no better way to attract an affluent, eco-conscious clientele than to convince customers that your disposable product is "renewable."

    April 14, 2014 1 Photo

  • Screen Shot 2014-04-08 at 2.16.35 PM.png Are Americans smart to stop drinking diet sodas?

    Recent data from Beverage Digest suggest many are cutting back on diet sodas. Consumption of diet sodas fell more than that of sugary sodas in 2013. This raises two questions: Why is total consumption declining, and is drinking diet soda harmful to health?

    April 13, 2014 1 Photo