We are required by Revenue Canada to keep all our business transactions for at least 6 years.
While doing an update recently, we ran across an old invoice dated February 2003 – 9 years ago. We were a bit surprised at the prices as we have disposed of our price lists from that time.
Here is a sampling of 2003 prices and 2012 pricing:
| Item | Price Feb 2003 | Price March 2012 | Increease |
| California Connoisseur Whites | $46.95 | $47.95 | 2.1% |
| European Select Reds | $46.95 | $49.95 | 6.4% |
| Niagara Mist | $45.95 | $48.95 | 6.5% |
| #8 or #9 corks | no change, varies by quantity | ||
| Shrink caps 30 pk | $2.49 – no change | ||
We are unable to make a comparison for certain products such as Kenridge Classic, Cheeky Monkey, Kenridge Founders, etc as these did not exist in 2003.
If the average general inflation over this time period was 2% per year, which is a good approximation, you’re looking at nearly 20% compounded inflation over that period!
So the moral of the story is that you, the customer, are getting quite a good amount more for your dollar today than you were in 2003.