Inflation Watch: Thanksgiving Dinner Edition
- Thread starter Tsing Tao
- Start date
When you got nothin', attack the source.
Lmao @ "Edit, ah it's the average price change over a 12 month period for each year. No idea what that has to do with inflation."
"McDonough also included the price of corn, which has been falling. Americans feed on corn, which should bring some relief to the cost of serving Thanksgiving dinner.
"Turkeys also feed on corn. But the main driver of turkey prices lately has been booming overseas demand. Below is the list of countries the U.S. now ships turkeys to. You can see that many saw incredible growth in recent years."
<img src="http://static4.businessinsider.com/image/5294c371ecad04cf26c97170-708-228/turkey%202.png">
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Yes, because it's not like the source hasn't been accused of unreliable data in the past.
No reason to believe it can't be unreliable this time, despite all the discussions on CPI adjustments and hedonics that have taken place on this forum, which you have never, ever been able to address.
Thanks for the chart regarding where turkeys get shipped. It's interesting, but has absolutely nothing to do with the discussion at hand. Keep on that obfuscation goal. Throw up random charts and shit. How about one on what language Turkeys speak?
No reason to believe it can't be unreliable this time, despite all the discussions on CPI adjustments and hedonics that have taken place on this forum, which you have never, ever been able to address.
Thanks for the chart regarding where turkeys get shipped. It's interesting, but has absolutely nothing to do with the discussion at hand. Keep on that obfuscation goal. Throw up random charts and shit. How about one on what language Turkeys speak?
Speaking of sources, you really should stop relying so heavily on zerohedge.
Edit: you added crap, "Thanks for the chart regarding where turkeys get shipped. It's interesting, but has absolutely nothing to do with the discussion at hand. Keep on that obfuscation goal." A surge in demand for a product might have a little bit to do with a price increase.
; )
Why does it matter where I spotted it originally? I did go back to Bloomberg to confirm it, and that's where the source comes from.
Turkey isn't cheaper for a lot of americans. We've just discussed that. Do try to keep up.
Gas, on the other hand is cheaper than last year. But again, that has nothing to do with the discussion re: turkey.
Quote from Ricter:
Your thread begins, "Inflation Watch:"
Do try to keep up.
Its difficult to please Jem and Tsing.
.they always want to have the last say.
It's NOT a scientific study, but that's what it says on the tin, innit? 'Cause the survey is "informal", like the article sez. BLS methods, on the other hand, ARE scientific, academic, you name it, but, as I understand it, they ain't good enuff for ya. So there's just no pleasing ya, innit, bruv?Quote from Tsing Tao:
At least it's a scientific study!Wonder if they have census employees from the BLS working there.
Interesting data table at the right of the article showing the average costs over the years. 35% inflation in the last 10 years according to that data. 10% in the last 5 years.
70% since the survey began in the 80s.
As to the cumulative rises, that is, what, roughly 3% annual Thanksgiving dinner inflation rate over the last 10 years, 1.92% over the last 5 years and almost precisely 2% over the whole 27 year period since the survey started. Doesn't sound particularly monumental to me.
Finally, as a brief aside, I should mention that the BLS doesn't apply hedonic adjustments to the food category in CPI. Also, the cases of labor data manipulation that you're referring to are within the Census Bureau's mandate, rather than the BLS.