Thankful For Inflation? Turkey Day Dinner Is Up 6,000% Since 1909

by Contributing Author | Nov 27, 2014 | Headline News

Do you LOVE America?

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    Originally posted at Zero Hedge.

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    While not hyperinflating, the slow and insidious diminishment of the fiat US Dollar’s purchasing power (and thus the living standards of lower- and middle-class Americans – who are not balls deep invested in the US stock ‘market’) is nowhere more evident than in the soaring costs of Thanksgiving Day dinner during the Fed’s 100 year reign…

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    In 1909… Thanksgiving Day Dinner cost $0.50…

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    In 2014… Thanksgiving Day Dinner costs $30.00

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    This works out at 3.98% annual inflation rate – almost double the Fed’s proposed price stability optimum of 2%… over a century…

    Be careful what inflation you wish for.

    *  *  *

    Of course these are hotel prices – the cost at home is considerably less:

    According to the American Farm Bureau Federation’s (AFBF) latest price survey, the average cost of a classic Thanksgiving dinner for 10 people this year — with all the fixings – will come to $49.41, or up 37 cents from last year.

    Suggesting labor costs have soared? But even eat-at-home Thanksgiving Day Dinner costs have soared since 1986…

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    *  *  *

    We are thankful for the increasing numbers of US citizens disillusioned with The Fed’s grand theft…

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