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Replies: 8
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Hall of Famer [22391]
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This is interesting - inflation related
Jul 8, 2021, 2:59 PM
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Stumbled across this article discussing the "shrinkflation" phenomenon in grocery and CPG verticals within the retail and e-comm space.
https://www.npr.org/sections/money/2021/07/06/1012409112/beware-of-shrinkflation-inflations-devious-cousin
After digging into the CPI calculation, I don't see any UOM ($/oz, $/sqft of paper, $/lb, $/bag, etc) discussion for food and miscellaneous grocery items under the basket of goods definition leveraged as a parameter within that calculation.
Source: https://www.bls.gov/opub/hom/cpi/data.htm
and: https://www.investopedia.com/terms/b/basket_of_goods.asp
So I guess my question is...if the cost of Food and Grocery items printed a 2.2% yoy increase from May '20 - May '21^, but the quantity per item sold has been cut by the manufacturer, is there a discrepancy in the overall inflation calculations?
Fwiw, I also challenge that 2.2% print in grocery costs. Based on our spend over the past 12 months, 8% - 10% feels more realistic to me...and no, I'm not sharing my Mint page with you degenerates.
^Source for print: https://www.bls.gov/cpi/
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Hall of Famer [24627]
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Re: This is interesting - inflation related
Jul 8, 2021, 3:57 PM
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You're probably buying more, over the measured period, if the package is smaller.
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Heisman Winner [112495]
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who here has not walked out the package store at 1:59 AM
Jul 8, 2021, 4:02 PM
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on Satrday night and realized that they just bought a 12 pack of EIGHT OUNCE beers and they lock the store behind you? This ain't new bro, fell for that one once.
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Oculus Spirit [98222]
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That's old news
Jul 8, 2021, 4:32 PM
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Depth on cereal boxes is asinine these days. And bars of soap are not bars anymore. They're curved, and they sell that as being easier to hold. BS. 20% less soap. Same price. Toilet paper rolls are narrower as well. Been going on for a good decade or two.
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All-In [34879]
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Crass been saying it for years about his McNuggets***
Jul 8, 2021, 4:50 PM
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All-TigerNet [11057]
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For this and other reasons, CPI is a joke.***
Jul 8, 2021, 5:05 PM
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Oculus Spirit [81770]
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Kinda like trade-in propane tanks after 2008 during the
Jul 8, 2021, 5:21 PM
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price surges.
They put less in the tanks, and raised the price. The prices never came down, and the never put more in the tanks.
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110%er [5724]
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Re: This is interesting - inflation related
Jul 8, 2021, 6:27 PM
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Yeah, I think you are right, but it also makes sense that you would end up buying more. Buying more should be reflected in the CPI data, but maybe not...
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All-In [26968]
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Getting really obvious with cereal boxes, for sure.***
Jul 9, 2021, 8:24 AM
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