Tuesday, November 26, 2013

Price of Chicken Reaches All-Time High

The price for fresh whole chickens hit its all-time high in the United States in October, according to data released last week by the Bureau of Labor Statistics.

In January 1980, when BLS started tracking the price, fresh whole chickens cost $0.69 per pound. By this October 2003, fresh whole chickens cost $1.54 per pound.

(via CNSnews)


  1. 2.4%/year since 1980. 6.1% this past year. Pork chops -.7% this past year. Lamb -6.7% this past year.

    Consumer Price Index (CPI):
    -0.1% in Oct 2013

    1. not where I shop....does the Eccles building have their own commissary or is everything dropped and comped that they consume?

  2. Consumer Inflation Views in Three Countries

    An assessment

    Consumer inflation expectations turn out to be above the central bank’s inflation target in all three countries. In the United Kingdom, inflation has been running above target for a while now, which may explain some of the gap. But that is not the case in the United States and especially Japan, where inflation expectations do not appear to have responded fully to relatively long-lasting shifts in the inflation rate. Above-target consumer expectations are ironic since the Fed and the Bank of Japan have been worrying, to different degrees, about deflation.


    why?...b/c real people don't live in a model, they live in the real world with real prices.