Saturday, September 21, 2013

Inflation Anecdote

One morning this week I went out to start my vehicle and the battery was dead. After getting a jump start I went up to my usual place for maintenance and got a new battery installed.

The cost of the new battery was $110. The old battery was 4.5 years old installed March, 2009. The cost then was $78. So the cost of the battery had increased 41% in less than 5 years.

The maintenance guys also did a test of the charging system. Last time it cost $17. This time $35. A 100% increase.

I love how central bankers tell us that there is no inflation.

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