The price of whole turkey is up 35% from its pre-recession level, thanks to rising feed costs, a drought in Russia, and rising global demand for yummy bird meat.
The case of turkey prices illustrates an important point at a time when the debate over inflation and the Federal Reserve's monetary policy has been heating up: There can be a difference between what matters for the Fed and what any given individual experiences. And because of the way consumers tend to perceive inflation, politicians who complain about it will almost always find plenty of people who agree with them.
