Posted on 08/13/2022 10:38:42 AM PDT by RomanSoldier19
e all know it by now—the pandemic has caused things to get more expensive. Producers are paying more for energy, labor and transportation, and they're passing the cost on to consumers. Rising gas prices are obvious, but at the grocery store, shrinkflation can look like products with suspiciously smaller amounts selling for the same price as before. Or, the products themselves might be changing—the milk, cream and sugar in your favorite ice cream might be replaced with cost-saving bulking agents like corn syrup solids and whey protein.
The Consumer Price Index may not even reflect all these shifts: It doesn't adjust food prices for changes in quality the way it does for some other items, such as clothing, appliances and phones. The CPI does normally account for changes in product size, but Bureau of Labor Statistics economist Jonathan Church admitted to the Washington Post in 2021 that pandemic restrictions had impacted the bureau's ability to track changing weights. That means it's become harder than ever to save money on groceries.
(Excerpt) Read more at msn.com ...
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shrinkflation- gettign less while paying more- that is the democrat way- Screw the customers and citiens- anyway possible
I bought a can of shaving cream the other day. I swear my hand has grown. My hand wraps around the can more than in the past. It must be the same size can because the can is the same height. Definitely my hands have grown.
Last weekend gas was 40 cents per gallon cheaper 20 miles down the road in the same state, same brand and even the same station owner.
That’s not inflation or covid - that’s just getting screwed.
Shrinkflation:
6 months ago I could buy store brand Colombian coffee in a 34-oz can [that is a victim of previous shrinkflations when a 48-oz can was common].
4 months ago that 34-oz can was replaced by a 24-oz can.
The 34-oz can cost about $7.69, or about 23-cents per oz.
The 24-oz can price increased to about $7.98 [about a 30-cent increase], or about 33-cents per oz.
At another store, I noticed their store brand of Colombian coffee was about $5.98 about 2 months ago for the 24-oz can, or about 25-cents per oz.
Earlier this week, that 24-oz can was about $8.98, or about 37-cents per oz.
Eight dollars for ten pounds of potatoes, Tampa, FL Wal-Mart last night. There was only one bag left in the bin.
Five LED light bulbs at The Home Depot same location, forty dollars. Not making this up.
Five light bulbs and a bag of potatoes, almost fifty dollars. That’s not inflation. That’s economic warfare.
What that really means is that it is much easier for the Biden administration to sweep significant inflation under the rug...
pandemic restrictions had impacted the bureau’s ability to track changing weights.
This morning found a receipt dated 12/2020 that showed I paid $1.68 for 18 extra-large eggs.
Today they were $4.40.
We are at war!
Shrinkflation has been around in the food industry for many decades and I want a POTUS who will stand up to the food industry - particularly the retail level - and call them on the carpet for not publicly announcing it in high spirited tones, for they don’t originate it but they pass it on to the consumers; it is delivered to retailers by the producers and distributors.
Why has the whole industry kept silent on it all these years.
The silence helps them keep up the inflated demand while paying less penalty - lower demand - for the inflated price.
For instance, if a can of tuna still held the 7.5 ounces like it used to hold, yes the price of it would be higher today, but not as miuch higher as the food chain would have you believe.
Why? As a normal price increase in tuna due to higher costs was passed on, some lowering of demand would take place, and the more the increase mounted, demand would lower further. At some point the lower demand would start to mitigate the price itself or at least new price inceases. The result would have been full 7.5 ounce cand of tuna selling likely for more than they did 30 years, yes, but less than the full payment for 7.5 ounces than what 7.5 ounces cost today when you’r buying 5 oz cans.
You can take that process across many food items where shrinkaflation has occurred.
What society has gotten for it all is over consumption with inflation, because the true cost keeps getting disguised.
“shrinkflation can look like products with suspiciously smaller amounts selling for the same price as before.”
After about 6 years of being an office and hospital RN, being a wife, a mother and grandmother, my wife’s hands are sensitive and often react to harsh hand soaps and dish soaps.
So we get a special liquid soap, she uses with no skin problems.
About a month ago she got a 6 pack of this soap.
I saw much smaller bottles versus the older ones before even reading the label.
The new bottles hold 16 ounces and the old ones at the same price held 24 ounces. That is a 33% increase per ounce in the price at our level.
Two of her friends just saw that their bottles were smaller and didn’t do the price comparisons.
(I paid $1.68 for 18 extra-large eggs.
Today they were $4.40)
Build Back Better!!
Last weekend gas was 40 cents per gallon cheaper 20 miles down the road in the same state, same brand and even the same station owner.
That’s not inflation or covid - that’s just getting screwed.
Actually, that is the gas buyer $crewing him/her self for not doing the math or checking the prices before buying it.
Use Gas Buddy.com before buying gasoline.
No one, yet, puts a gun to our head and forces us to buy something that is more expensive.
We buy our coffee, whole bean Colombian Coffee from Costco, once a month with their home delivery/on line.
We don’t taste any difference, so, whatever Colombian whole bean coffee is less per ounce, we buy one or two bags @ the best price per ounce.
A relevant joke:
An old man goes to his doctor for his annual physical.
Doctor: How are you doing, Fred?
Fred: I’m doing more than just good. I’m the strongest I’ve ever been!
Doctor (surprised): Really?
Fred: Yes. When I was a young man it took me both hands to carry $10 worth of groceries. Now I can easily do it with one finger.
Hmmmmm
What will happen to beer cans?
If they shrink, a ‘beer dose’ will just take more cans.
But in Recycle States, each can has the same recycle fee, so more cans per dose is more recycle per dose also.
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