Home > posts > Stat of the Day: Thanksgiving Costs Up a Record 20%, but Prescription Drug Prices Decline
November 17th, 2022 11:48 am
Stat of the Day: Thanksgiving Costs Up a Record 20%, but Prescription Drug Prices Decline
Posted by Print

As we approach Thanksgiving, you may have heard (or personally experienced) that the cost of Thanksgiving dinner this year is up a record 20%.

Meanwhile, guess what’s actually declined in price, according to the federal government itself.  That would be prescription drug prices, which declined 0.1% last month alone.

Perhaps the Biden Administration should focus on helping everyday Americans afford Thanksgiving, rather than artificially imposing innovation-killing government price controls on lifesaving drugs, which are actually declining in price and nowhere near the inflation rate afflicting other consumer costs.

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