Costco's $1.50 Hot Dog Should Actually Cost Way More
If you could travel to 1985, you could save a lot on groceries. For nearly a century, the U.S. Bureau of Labor Statistics has tracked consumer
prices. Back then, bananas cost 33 cents per pound, a dozen eggs cost 80 cents, and a half-gallon of milk cost $1.09.
One food item hasn't changed in price throughout all this time. Since the Reagan Administration,
this favorite snack has remained constant like a price-fixed fossil despite decades of inflation and socioeconomic change.
I'm talking about Costco's legendary $1.50 hot dog combo, still going strong after 38 years.
Even for a hot dog, that's incredibly inexpensive today. The Costco hot dog would cost approximately three times as much as most other American foods.
Ecoinometrics mathematically altered the price of the iconic frankfurter depending on multiple inflationary metrics, including the most
common: the federal government's Consumer Price Index. Other CPI sub-categories centered on food rather than consumer goods were also examined.
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