It’s almost turkey time and here’s some good news for Americans — that turkey and the trimmings will cost you less this year. A Purdue University agricultural economist says that prices for food are lower than last year.
The food you get at a grocery store is about 2.5 percent lower this year. Why? The recession means a drop in oil prices, Alexander said.
Wholesale prices for a turkey? about 81 to 85 cents per pound. Last year they were 87 cents a pound. You’ll notice that Thanksgiving is a great time to stock up on baking items, potatoes, canned vegetables and well, canned chicken stock. These items can keep for a long time too.
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“Although Americans spend little of their income on food, the recession has made it difficult for some families this Thanksgiving…There are many who find their budgets tightened by unemployment, minimal wage increases and continued erosion of fixed incomes by inflation,” she said. “For these, any food price rise is significant. We should remember those who are less fortunate and share our food bounty.”
No matter what your plans this year or your situation, this holiday is about being thankful and about family. It’s one of my favorite times of the year. So I hope you have a Happy Thanksgiving tomorrow – from everyone at GetECash payday loans.
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