Saturday , May 25 2019
Home / Cyril Morong: Dangerous Economist / Thanksgiving dinner is at its lowest price since 2010

Thanksgiving dinner is at its lowest price since 2010

Summary:
See Why the cost of Thanksgiving dinner is at its lowest price since 2010 by By Mark Puleo, AccuWeather staff writer. Excerpt: "As Americans prepare their elastic waistbands for this year's Thanksgiving feast, they can also be thankful for the extra money they may find in their wallets. For the third straight year, the American Farm Bureau Federation found the average cost of Thanksgiving dinner to have declined in total price from the previous year's holiday.In the Farm Bureau's 33rd annual survey, the results indicate the average cost for this year’s meal to be .90. John Newton, the AFBF Chief Economist, said that this year’s average cost is at the lowest level since 2010.“Thanks to an ample supply, turkey remains affordable for consumers,” Newton said in the release. “Which

Topics:
[email protected] (Cyril Morong) considers the following as important:

This could be interesting, too:

Miles Kimball writes Maria Popova—Ode to a Flower: Richard Feynman’s Famous Monologue on Knowledge and Mystery, Animated

Tyler Cowen writes Maciej Cegłowski on gdpr

Eric Crampton writes Process cost

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-05-24 20:43:31

See Why the cost of Thanksgiving dinner is at its lowest price since 2010 by By Mark Puleo, AccuWeather staff writer. Excerpt:
"As Americans prepare their elastic waistbands for this year's Thanksgiving feast, they can also be thankful for the extra money they may find in their wallets. For the third straight year, the American Farm Bureau Federation found the average cost of Thanksgiving dinner to have declined in total price from the previous year's holiday.

In the Farm Bureau's 33rd annual survey, the results indicate the average cost for this year’s meal to be $48.90. John Newton, the AFBF Chief Economist, said that this year’s average cost is at the lowest level since 2010.

“Thanks to an ample supply, turkey remains affordable for consumers,” Newton said in the release. “Which helps keep the overall cost of the dinner reasonably priced as well.”

According to the survey, the price of turkeys dropped 3 percent from last year, equivalent to about $1.36 per pound.

The survey is based on prices of common items found on many Thanksgiving tables, such as turkey, stuffing, sweet potatoes, cranberries and pumpkin pie. All the quantities were adjusted to sufficiently serve a family of 10.

Along with turkeys, the price of milk, sweet potatoes, green peas and rolls were also found to be less expensive than they were in 2017."

The article also discusses how weather has affected the pumpkin and cranberry crops.

Leave a Reply

Your email address will not be published. Required fields are marked *