Stealth Inflation & Rising (Dog) Food Costs
There are lots of indices that purport to measure inflation: “the Producer Price Index,” “the Wholesale Price Index,” “the Consumer Price Index,” etc.
But the only yardstick that really matters to me is “the Kaplan Family Price Index.”
By that measure, inflation is galloping right now.
Overt and Covert Inflation
Under the “stealth” category, I put the $39 bag of dog food I just purchased — unchanged from a couple months ago.
So, what did change?
The weight: 33 pounds, down a whopping 28% from the old, 46 pound bag.
Item #2 was the more traditional kind of inflation.
If you buy the occasional hard copy of The New York Times to read at lunch as I do, you’ll notice (like I have) that the price just popped 20% a week ago, from $2 to $2.50.