November 21, 2023
We can use Thanksgiving dinner, and especially the turkey, to see how inflation has affected recent food prices.
We can use Thanksgiving dinner, and especially the turkey, to see how inflation has affected recent food prices.
While Thanksgiving dinner appears to be about food, we can really understand it by looking through an economic lens.
While the nominal price of a Thanksgiving dinner for 10 has gone up during the past 30 years, in real inflation adjusted numbers, it is less than in 1986.