REAL INFLATION

TODAY, I PURCHASED Ice Cream. I used to buy half gallons on sale for 2 for $6.
Today I paid $3 for one 1.5 quart container. I paid the same as a year ago and there was 25% less. That is real inflation

While the retail price is the same, I got less product. That is inflation.

So lets see how much the product would have cost if there was still half gallon per container. The math: $3.00 for a half gallon which is two quarts which is $1.50 per quart.  But I only received 1.5 quarts for $6. Dividing $6 by 1.6 equals $4 per two quarts or $2 per quart. That is a 25% inflated price. 

This means that we are paying $0.50 more per quart of ice cream. THAT IS REAL INFLATION. 

AND THAT'S THE TRUTH

Straight Talk with Jay Clifford