Our Inflated Thanksgiving by Chuck Grimmett

What does the Federal Reserve have to do with your Thanksgiving dinner?

INTERACTIVE GRAPH:

For the past 29 years, the American Farm Bureau Federation has conducted an informal survey of the price of a classic Thanksgiving dinner for 10 people. At first glance, it looks like the price of food has been steadily rising. But when you adjust the numbers for inflation, you get a different story. It isn’t the cost of our food that has been rising, but the amount of US currency in circulation.
This year, we’re thankful for technologies like bitcoin breaking the Federal Reserve’s grip on money.
Happy Thanksgiving!
The individual prices of a traditional Thanksgiving dinner this year:
(Hover for items and prices.)

20130829_CAGCHUCK GRIMMETT

Chuck Grimmett is a project manager at eResources. Previously, he was FEE’s director of web media. Get in touch with him on Twitter: @cagrimmett.