It's not all pension risk transfers, defined contribution lawsuits and manager searches here at Pensions & Investments, we also love a good holiday weekend. P&I's data team looked at some of the core necessities of a productive, productively relaxed at least, holiday and found that overall, the cost of a Memorial Day weekend increased by 2.7% since 2015's unofficial summer solstice, 1.4% if you're staying at home with the car in the garage.
Unsurprisingly, the cost of motor fuel is the primary driver – pun intended - of the index, with 2015 and 2016's significant drop boosting the weekend's bottom line. Ground beef eased in 2017 after a decade long rally left the index a little overcooked and hot dogs have been less volatile, happy to remain in their natural casing. The cost of cooking them, however, went up in 2017, as propane jumped 10.4% over the 12-month period.
Non-alcoholic carbonated beverages haven't seen much growth as consumers continue to throw shade at sugary beverages. Beer has been steadily getting pricier as the over-21 crowd's maintained a willingness to pay more for higher quality products.