Thanksgiving Dinner Prices Rise Due to Energy Costs, Ethanol Boom

A turkey with all the trimmings cost a bit more this year than last, thanks to rising costs for animal feed, energy, transportation and food processing, according to the American Farm Bureau Federation.

WASHINGTON — A turkey with all the trimmings cost a bit more this year than last, thanks to rising costs for animal feed, energy, transportation and food processing, according to the American Farm Bureau Federation. The organization’s annual survey of prices of many of the items included in a traditional Thanksgiving menu — enough turkey, stuffing, sweet potatoes, rolls, butter, peas, cranberries, carrots, celery, pumpkin pie, whipped cream, and coffee and milk to feed 10 people — rose from $38.10 in 2006 to $42.26 this year, an increase of $4.16. According to the October Consumer Price Index from the U.S. Department of Labor, there has been a 4.7% annualized increase in food prices this year, with energy prices spiking even as the ethanol boom drives up the price of corn and subsequently, animal feed.

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