Important to observe the average Chicken prices, a food ingredient widely consumed, produced, and utilized on an industrial scale. What has been observed: the average (453.6 gr) of Chicken price between 1980 and 2004, when the Dollar Index Peaks, was along the two decades a stable price very similar to the whole data series median price of $1.05. What increased the price in the two decades between 1980 and 2004 have been the New Millenium years from 1998 to 2001, that reflects how the year 2000 dot.com bubble, in other words, speculative stock market activities and malinvestments, then produced a wider Inflationary effect in the economy, that also explains how Inflated Financial Assets prices then correlate in some measure with Inflationary pressures on goods and services prices in the economy.
What happens to Chicken prices after 2004?
In 2007 with the preliminary signs of a wider and systemic financial crisis in the making, the U.S. city average Chicken (453.6gm) price increased to $ 1.13, compared to the $1.05 median price. That means in 2007 with American Households defaulting on debt and the financial industry going into meltdown, the average price for food increased, in this case, the median /453.6gm) Chicken price increased by $0.08 cents to $1.13 dollar with peaks of $1.16, compared to the data series median of $1.05, give or take a median 7.6% price inflation increase only in 2007. After the 2007/09 Global Financial Crisis and with the implementation of Quantitative Easing and the unforeseen and without measure expansion of Money Supply globally; observing the data series becomes easy to understand that the Average (453,6gm) Chicken price has only increased since after 2007/09 and taking the December 2021 average price recorded $1.60 dollar this price it’s more than double the price in December 1980 $0.76, while indeed the average (453,6gm) Chicken price in 2022 until recently has been $1.79.