Saturday, November 12, 2011
Your Most Expensive Thanksgiving Meal: Food Costs Soar, Highest Jump in 20 Years
Anthony Gucciardi
Activist Post
Thanksgiving is a time for families to come together and celebrate, but this year may be your most expensive Thanksgiving yet thanks to skyrocketing food costs and an overall increased demand for poultry. It now costs, on average, $49.20 to feed 10 individuals on Thanksgiving. Up $5.73 from last year according to the American Farm Bureau Federation, the cost is about 22 percent more expensive than it was last year.
Last year, a 16-pound Thanksgiving turkey was priced at $17.70. This year, the same bird costs an average of $21.60. The price rise signifies the highest jump in 20 years...[Full Article]
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| The Thanksgiving dinner cost chart since 1986 - Source |
Activist Post
Thanksgiving is a time for families to come together and celebrate, but this year may be your most expensive Thanksgiving yet thanks to skyrocketing food costs and an overall increased demand for poultry. It now costs, on average, $49.20 to feed 10 individuals on Thanksgiving. Up $5.73 from last year according to the American Farm Bureau Federation, the cost is about 22 percent more expensive than it was last year.
Last year, a 16-pound Thanksgiving turkey was priced at $17.70. This year, the same bird costs an average of $21.60. The price rise signifies the highest jump in 20 years...[Full Article]
Labels: costs, food prices
Tuesday, March 29, 2011
Cost of Libya Intervention $600 Million for First Week, Pentagon Says
ABC News
One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon.
ABC News
One week after an international military coalition intervened in Libya, the cost to U.S. taxpayers has reached at least $600 million, according figures provided by the Pentagon.
U.S. ships and submarines in the Mediterranean have launched at least 191Tomahawk cruise missiles from their arsenals, costing $268.8 million, the Pentagon said.
U.S. warplanes have dropped 455 precision guided bombs, costing tens of thousands of dollars each.
A downed Air Force F-15E fighter jet will cost more than $60 million to replace...[Full Article]
Labels: costs, Libya, Pentagon
Thursday, January 27, 2011
Grocery prices skyrocket faster than official inflation
(NaturalNews) Grocery prices increased at more than 50 percent the rate of inflation in 2010, according to data from the U.S. Bureau of Labor Statistics.
Food prices increased an average of 1.7 percent between November 2009 and November 2010, in comparison with a general inflation rate of only 1.1 percent. The greatest price increases were seen among meat, poultry, fish and eggs, which went up in cost by 5.8 percent. The price of sugar and sweets increased 1.2 percent, the price of fats and oils increased 3 percent and the price of dairy-based products increased 3.8 percent.
The only commodities to go up in price more than food were medical care and transportation.
"I noticed just this month that my grocery bill for the same old stuff -- cereal, eggs, milk, orange juice, peanut butter, bread -- spiked $25," said Sue Perry, deputy editor of "ShopSmart" magazine. "It was a bit of sticker shock."
The rises in price were caused in part by climate-related crop failures in several major food exporting countries. In addition, rising demand for corn from the biofuels industry has pushed up prices for animal feed, leading to higher meat, dairy and egg costs. Finally, rising fuel prices have increased food production and transportation costs as well.
Prices are only likely to keep rising. The Department of Agriculture has forecast a further 3 percent rise in food prices in 2011, but openly admits that the estimate is conservative.
"The USDA always plays it safe," said Wells Fargo agricultural economist Michael Swanson. Swanson predicted price increases of 4 percent, the highest since the 5.5 percent increases that led to riots worldwide in 2008.
Major food producers including Kraft and General Mills have already announced plans to increase the prices of their products. Just how much of that increase will be passed along to consumers is uncertain, as retailers may try to force prices lower to keep shopper volume high.
"Food is a high-frequency driver," Swanson said. "So if stores like Walmart and Kmart want to get shoppers in the door, it's to their benefit to keep prices low."
Sources for this story include: http://www.sfgate.com/cgi-bin/artic....
(NaturalNews) Grocery prices increased at more than 50 percent the rate of inflation in 2010, according to data from the U.S. Bureau of Labor Statistics.
Food prices increased an average of 1.7 percent between November 2009 and November 2010, in comparison with a general inflation rate of only 1.1 percent. The greatest price increases were seen among meat, poultry, fish and eggs, which went up in cost by 5.8 percent. The price of sugar and sweets increased 1.2 percent, the price of fats and oils increased 3 percent and the price of dairy-based products increased 3.8 percent.
The only commodities to go up in price more than food were medical care and transportation.
"I noticed just this month that my grocery bill for the same old stuff -- cereal, eggs, milk, orange juice, peanut butter, bread -- spiked $25," said Sue Perry, deputy editor of "ShopSmart" magazine. "It was a bit of sticker shock."
The rises in price were caused in part by climate-related crop failures in several major food exporting countries. In addition, rising demand for corn from the biofuels industry has pushed up prices for animal feed, leading to higher meat, dairy and egg costs. Finally, rising fuel prices have increased food production and transportation costs as well.
Prices are only likely to keep rising. The Department of Agriculture has forecast a further 3 percent rise in food prices in 2011, but openly admits that the estimate is conservative.
"The USDA always plays it safe," said Wells Fargo agricultural economist Michael Swanson. Swanson predicted price increases of 4 percent, the highest since the 5.5 percent increases that led to riots worldwide in 2008.
Major food producers including Kraft and General Mills have already announced plans to increase the prices of their products. Just how much of that increase will be passed along to consumers is uncertain, as retailers may try to force prices lower to keep shopper volume high.
"Food is a high-frequency driver," Swanson said. "So if stores like Walmart and Kmart want to get shoppers in the door, it's to their benefit to keep prices low."
Sources for this story include: http://www.sfgate.com/cgi-bin/artic....
Labels: costs, food, inflation, prices
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