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Energy Prices Having Negative Effect On Cost Of Thanksgiving Dinner

Last updated on Tuesday, November 13, 2007
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(WEST LAFAYETTE) - Get ready for Turkey Day to take a bigger gobble out of your pocketbook this year.

Purdue University agricultural economists say a Thanksgiving meal will cost more than last year because of rising energy costs and world food demands.

Our partners at Inside Indiana Business report that food prices have increased at a rate of 4.4% from last year, with dairy prices up 15% and egg prices up 45%.

While turkey supplies are high, strong export demand is expected to trigger a slight increase in prices. However, experts say it will be up to individual retailers to decide whether to pass that hike on to consumers.


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