Monday, November 19, 2012
These are the final days to brave the lines at the grocery store and pick up everything needed for a Thanksgiving feast. But will buying the ingredients this year take a larger bite out of your wallet?
The American Farm Bureau Federation says yes, but the increase is minor.
In its annual informal survey, the American Farm Bureau Federation found a traditional dinner for 10 will cost only about 28 cents more than last year, less than a one percent increase.
The year before, it increased $5.73.
Seeing that prices are a bit higher this year, Sedgwick's Judy Schroeder traveled to Leeker's Market in Valley Center where her daughter said she could get a good deal on a turkey.
"There are a lot of things that are more expensive this year," Schroeder said. "We watch for sales."
Researchers say rising fuel and production costs are to blame for the increased prices. They say the summer drought hasn't fully affected prices yet. That's because many grocery stores locked in some prices in the spring.
The biggest chunk of the price increase this year is eaten up by the turkey. The report shows turkeys are about four cents per pound more than last year. That makes the average price about $1.39 a pound.
The other item on the rise is dinner rolls. Rolls are up about three cents this year, according to the study.
There is good news.
Key fixings such as stuffing, cranberries, sweet potatoes, and whipped cream have actually dropped in price.
And, consumer leaders say you can score great deals, especially as we get closer to the holiday.
"My daughters and I shop together and we buy a lot of bulk items and then split them," Schroeder.
Schroeder says in the end the small price increase won't change what she buys her family for this special dinner.
"They'd all come uncorked if you change their Thanksgiving," Schroeder said. "No, that's too special."