misLeading Indicators: How to reliably measure your business

Eat oats!

Posted on | October 28, 2010 | No Comments

Official inflation numbers are very low and do not correspond with the reality people face when they shop. The US Bureau of Labour Statistics reports inflation at 1.1%. This post shows year-over-year increases for basic staples such as wheat (74%) beef (18%) and coffee (27%).  I have been occasionally recording food prices to do my own inflation calculations, using prices at Grocery Gateway. The chart below shows the annualized change in basic food prices based on total changes from January 2008 to today. A one litre carton of 2% milk went from $1.18 on January 16, 2010 to the listed price of $2.69 today. The only food item on my list that did not similary increase was a one kilogram bag of oat cereal.

 

For more posts on this see here and here.

Comments

Leave a Reply







  • Buy Your Copy

    On sale Feb 29, 2012

    Price $48

    Buy from Barnes and Noble

    (In stock now).

    Buy from Praeger (Publisher).

    (In stock now)

    Order ebooks 1-800-368-6868 (7am to 430pm PST, Mon-Fri) or 805-968-1911 ext 312

    Order by email


    Buy Amazon US

    Buy from Amazon.com
    In stock.

    Buy Amazon Canada

    Buy from Amazon.ca
    In stock

    Read the first two chapters: Click here.

  • Tag Cloud

    advsertising baseball bonds census coin flip credit rating crime rate customer complaints customer service debt doping economic activity election errors exception reporting fraud gambler's fallacy gas pump gold government statistics happiness hurricane investment jobs Lance Armstrong leading indicator management medical studies mineral resources on-line p-value polls poverty probability profit public health radar risk safety science six sigma statistical process control stimulus stock market unemployment
  • Archives