Prices of paper products at Costco up again….
Purchased a package of paper towels at Costco this week. Since last June the price has gone up again via hidden means. The price for a 12 mega roll of Bounty (now right sized) paper towels is $17.99. Wow a dollar price drop!! Deflation at it's best. Looking at the marketing hype on the outside, you see that 12 Mega Rolls = 20 regular rolls. Wait a second, that used to be 22 mega rolls. Looking at the important number, the square footage reveals the whole package now has 709.5 sq. ft. A bountiful drop from the 857 sq. ft last year. So that means we have $17.99/709.5 = $0.025356/sq. ft. Up from $0.023326/sq. ft. 10 months ago, a 8.7% increase in price.
Boy I'm glad inflation is well anchored.