Inflation -- For The Archives -- Thanksgiving -- October 21, 2023

Locator: 45784INFLATION. 

UPDATES

October 22, 2023: The WSJ. Wow, they're reading the blog. 

ORIGINAL POST

Earlier today I posted the price of turkey at Target earlier this week, $1.19 / pound. Target had only a handful off turkeys. Today, the coffin coolers were filled with turkeys priced at ... 99 cents / pound. 

 Let's see what googling tells us:

One year ago, at Thanksgiving:

November 18, 2022: a reader sent me another note about Thanksgiving dinner and inflation. My reply:

Apparently you've noted that this whole issue is a burr under my virtual saddle -- I've posted this many times on the blog.

Knock off the price of the turkey and we're talking about $30 for the dinner. If you can't find a free turkey this holiday season, you're not trying hard enough.

Regardless, a 16-pound turkey can be had for 98 cents / pound -- as noted below -- or less than $16 -- compare to the nearly $30 in the graphic above (from a mainstream media site).

By the way, we bought five big turkeys (16 to 22 pounds) earlier this week to donate to charity -- $92 from Target. Less than $20 / turkey. And most of the turkeys well above 16 pounds. All turkeys for 98 cents / pound sold out; had to settle for $1.19 / pound and two were Butterballs.

All this has been posted on the blog numerous times.

And eggs, down 60% from earlier this year:

Talk to me again about inflation. It gets tedious.

As long as we're playing this game, computers? Link here:

And beef? Oh, give me a break. It's been significantly worse.