Thanksgiving dinner succumbs to inflation
“AdvisorSmith found that a basket of Thanksgiving foods costs approximately 9.8% more in 2020 when compared to Thanksgiving of 2019. The foods included in our analysis were turkey, vegetables, and baking & bread. Vegetables included were potatoes, cranberries, squash, sweet potatoes, corn, green beans, and pumpkin. Baking and bread products included flour, white bread, milk, eggs, and butter.”
USAGOLD note: As the article linked above points out, this year’s Thanksgiving dinner was served at nearly a double-digit increase over prices last year. Pilgrim Powell will give thanks: His dogged determination to inflate appears to be gaining a foothold. At the same time, as the Ramirez cartoon below suggests, that inflation comes with a side dish – a cornucopia of government debt.
Cartoon courtesy of MichaelPRamirez.com
Repost from 11-30-2020