Costco's $1.50 Hot Dog Should Actually Cost Way More, an Economist Says

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Costco's $1.50 Hot Dog Should Actually Cost Way More, an Economist Says
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Costco tries hard to keep its hot dog at the same low price, circa 1985, but what if it didn't?

. Back then, bananas cost 33 cents per pound, a dozen eggs cost just 80 cents, and a half-gallon of milk cost only $1.09, according to the U.S. Bureau of Labor Statistics, which has been tracking consumer prices for over a century now., most conspicuously, are over five times more, about $4.21 on average.

I'm referring, of course, to Costco's legendarily low-priced hot dog combo, still standing firm at $1.50 after some 38 years and counting.That's ridiculously cheap in today's dollars, even for a hot dog. In fact, if the Costco hot dog were virtually any other food item in America, it would cost almost three times as much.

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