American Coalition for Ethanol: Despite Falling Commodity Prices, Food Prices Remain High

GrainNet.com
Date Posted: November 25, 2008

Sioux Falls, SD—As families prepare to gather for their annual Thanksgiving dinner, the American Coalition for Ethanol (ACE) cautioned that despite Consumer Price Index data indicating lower prices for virtually all consumer items, families will be paying more for their annual dinner than they did last year because food processing companies have held food prices artificially high.

A review of a typical Thanksgiving dinner grocery list shows that the items needed to feed a family of 10 this year will cost 12 percent more than just one year ago -- $48.13 in 2008 compared to $42.46 last year.

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