American Farm Bureau surveys the cost of a typical Thanksgiving dinner prepared for ten guests every year. (Go here for the list of items; somehow they neglected green bean casserole.) Here is the history of that cost (image) since 2005:
These prices are not adjusted for inflation, so it's just the raw dollars' cost from each year's survey. You can see the inflation we all know has been happening since the pandemic started in 2020. Prices were almost flat from 2011 til 2020, a long time. The highest costs ever in the survey occurred two years ago.
But the survey was started long before 2005. When it began back in 1986, the raw cost of the dinner was $28.74. Since then the cost has risen to $58.08, a rise of 102% in 38 years.
What is the real impact on us? In tomorrow's post we'll see the way an economist has figured that out.
from Doomslayer
(cont'd tomorrow)
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