Sunday, November 13, 2011

But There's No Inflation, Right?

...We're continually told by the media and the Fed that either "no" or that it's "not a worry."

"A meal for 10 people on the holiday, which falls on Nov. 24 this year, will rise to $49.20 from $43.47 last year, the biggest increase since 1990, based on foods traditionally served including stuffing and pumpkin pie, the farm group said today in a release. Turkey was the most expensive and had the biggest gain, with a 16-pound bird up 22 percent at $21.57. Other Thanksgiving cost increase in the annual Farm Bureau survey include a 17 percent gain for a pound of frozen green peas, 16 percent for a 30-ounce can of pumpkin-pie mix, a 15 percent for a half-pint of whipping cream, 13 percent for a gallon of whole milk, 9 percent for a 14-ounce bag of stuffing mix, 8.5 percent for 12 rolls, 2.9 percent for fresh cranberries and 2.2 percent for a three pounds of sweet potatoes."

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