Innovation, inflation, potato chips, and you

posted by
January 9, 2011
Downsize DC
by James Leroy Wilson  
Posted in Commentary

"As a junk-food consumer, I remember the price of a 15 oz bag of potato chips in 1990 to be $2.99. As time went by, I noticed the size of the bag shrink and the price gradually rise. I haven't purchased potato chips in a while, but the last time I looked, an 11.5 oz bag was priced at $3.19. ... That doesn't look so bad. According to the DollarTimes calculator, one 1990 dollar had the purchasing power the $1.71 in 2010 dollars. Junk food price inflation -- at least potato chips -- wasn't as bad as general inflation." (01/07/11)  

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