(NAFB) Every year, volunteer shoppers from the American Farm Bureau Federation help determine the average cost of feeding ten people for a Thanksgiving meal. Faith Parum, an economist with AFBF, said consumers should expect some slight relief at the grocery store.
She said the basket of goods showed mixed results, with some prices rising and others falling.
Parum said food prices often reflect changes in the broader farm economy. Parum says on the one hand, it’s due to the commodity prices paid to farmers. For example, wheat prices were pretty low this year, so we see decreases in things like bread and stuffing. On the other hand, fresh produce prices have been affected by labor struggles. They have seen increases in transportation costs. All of that increases the price of those goods.
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