“Stealth inflation”

At Davian Letter, Barbarian Capital discusses “stealth inflation”–“price increases that are not likely to be captured by the official stats because they are household-specific and, yet, take money out of your pocket.” An example:

While your [health insurance] premiums certainly went up, did your co-pays and deductible also go up? Mine did. There are also reductions in lifetime maximums for certain conditions, as well as complete elimination of coverage for other conditions. These changes most certainly mean that you buy less healthcare coverage for your dollar, but they cannot be quantified within a basket of goods.

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