Sunday, November 24, 2024

Least Expensive Turkey Dinner In Entire History -- 39 Years -- Of Doing This Annual Survey -- Inflation Watch -- November 24, 2024

Locator: 44413INFLATIONWATCH. 

NFL: another incredible KC Chiefs game. They win with a 3-point field goal with two seconds left on the clock.

Turkey: this doesn't make sense. For years I've been told unrestrained government spending and the US debt is the reason for our inflation. And here we are: this is the least expensive Thanksgiving meal in the 39-year history of the AFBF Thanksgiving survey.

Americans can have a feast for less than $6 / person. BYOB.

Link here. From the linked article:

You may not know it by looking at sticker prices in grocery aisles, but Thanksgiving dinner is more affordable than it has been in years.

The costs of this year’s holiday feast — estimated at $58.08 for a 10-person gathering, or $5.81 a head — dropped 5% since last year, the lowest level since 2021, according to a nationwide survey of grocery prices by the American Farm Bureau Federation, which represents millions of U.S. farmers. But the picture improves further when adjusted for inflation.

“If your dollar had the same overall purchasing power as a consumer in 1984 … this would be the least expensive Thanksgiving meal in the 39-year history of the AFBF Thanksgiving survey, other than the outlier of 2020,” the authors wrote.

And, in addition, wages have increased. 

Other links:

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Guam Might Tip Over

It looks like the congressman might have been correct, but for the wrong reason. The two links:

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