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Inflation hits a famed recession deal
Inflation hits a famed recession deal
Perhaps the most famous recession deal is run by New York City's Gray's Papaya. The legendary 24-hour hot-dog joint - which also offers fruit juices at its three locations throughout Manhattan - offers two hot dogs and a drink for $3.50.

Although the deal was not inspired by the current economic slump (Gray's has been offering the "Recession Special" for several years), it's still a staple in the diets of many recession-pinched New Yorkers.

It's hard to imagine, but the $3.50 steal is actually a jump from the former Recession Special price of $2.75. Nicholas A. B. Gray - owner and founder of Gray's Papaya - announced the price increase back in October 2006, crediting it to the rising costs of running the business.

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LAST UPDATE: Jul 15 2008 | 9:10 AM ET
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