This exercise in tracking the cost of various products that I usually purchase has really focused my attention on consumer prices. I know that gas prices change daily, but what about the price of other consumer goods?
Since the last post on Bona Hardwood Floor Cleaner, I noticed that the Costco had changed its price. Since the schools only teach about inflation (and not deflation), you may think that prices will only go up absent a sale or rebate. But, there I was looking at the sign and sure enough, Costco now sells Bona Hardwood Floor Cleaner for $11.99 instead of $12.69. No sale. No instant rebate. Just a straightforward price cut. Wow!
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