Inflation's Relevance to Taxidermy
by James Newport
Author: Administrator Account/Saturday, June 1, 2019/Categories: Articles - All, Articles - Home Page, Winter 2019 Issue 132
Inflation is a sustained general increase in the cost of goods and services and a reduction in purchasing power of the dollar bill. If you charged $500 for a whitetail shoulder mount last year, to maintain the same pay rate (regardless of additional cost increases) this year with an inflation rate of 2.95 percent, you will need to charge $514.75 just to prevent a loss in pay from last year.
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