Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

What Is Shrinkflation—and How Does It Affect Your Grocery Budget?
Rider Digest via msn ^

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 ...


TOPICS: News/Current Events
KEYWORDS: anwr; bidenflation; creepstate; deepstate; depression; economy; food; groceries; keystonexl; opec; policestate; shrinkflation; singlepartystate; theend
Navigation: use the links below to view more comments.
first 1-2021-34 next last

3 Ways to Join the Amish - wikiHow www.wikihow.com/Join-the-Amish


1 posted on 08/13/2022 10:38:42 AM PDT by RomanSoldier19
[ Post Reply | Private Reply | View Replies]

To: RomanSoldier19

shrinkflation- gettign less while paying more- that is the democrat way- Screw the customers and citiens- anyway possible


2 posted on 08/13/2022 10:42:01 AM PDT by Bob434 (question)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19
Well, somebody has to post it. Might as well be me.


3 posted on 08/13/2022 10:42:49 AM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19
the pandemic has caused things to get more expensive

Ya, has nothing to do with the government printing and spending $10T. The solution is obvious, print and spend another Trillion.
4 posted on 08/13/2022 10:44:10 AM PDT by JoSixChip (2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

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.


5 posted on 08/13/2022 10:44:19 AM PDT by ConservativeInPA (Scratch a leftist and you'll find a fascist )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bob434

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.


6 posted on 08/13/2022 10:45:50 AM PDT by bigbob (z)
[ Post Reply | Private Reply | To 2 | View Replies]

To: bigbob
Gas stations have to buy gas, too - by the gallon, I suppose.
So it's conceivable that different stations might pay a different amount per gallon wholesale, so must charge a different amount when they sell it retail.
There are other considerations, too. What is the station across the street charging? If it's a lot less, I won't be selling any gas. Can I sell gas at a loss and make it up through other things I sell (snacks, drinks, service, etc.)? What's my cost to operate? How much shrinkage (i.e. theft) do I have to make up for?
7 posted on 08/13/2022 11:08:06 AM PDT by ZOOKER (Until further notice the /s is implied...)
[ Post Reply | Private Reply | To 6 | View Replies]

To: RomanSoldier19

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.


8 posted on 08/13/2022 11:08:12 AM PDT by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: bigbob

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.


9 posted on 08/13/2022 11:11:21 AM PDT by 4Runner
[ Post Reply | Private Reply | To 6 | View Replies]

To: RomanSoldier19
...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.

What that really means is that it is much easier for the Biden administration to sweep significant inflation under the rug...

10 posted on 08/13/2022 11:13:19 AM PDT by CurlyDave
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

pandemic restrictions had impacted the bureau’s ability to track changing weights.


What is the logic there?


11 posted on 08/13/2022 11:14:08 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bob434

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!


12 posted on 08/13/2022 11:14:58 AM PDT by lizma2
[ Post Reply | Private Reply | To 2 | View Replies]

To: Bob434

13 posted on 08/13/2022 11:15:31 AM PDT by knarf (I've tried to )
[ Post Reply | Private Reply | To 2 | View Replies]

To: RomanSoldier19

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.


14 posted on 08/13/2022 11:17:57 AM PDT by Wuli
[ Post Reply | Private Reply | To 1 | View Replies]

To: RomanSoldier19

“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.


15 posted on 08/13/2022 11:18:44 AM PDT by Grampa Dave (Anyone, who can make you believe in absurdities, can make you commit atrocities.!" ~ (Voltaire)!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lizma2

(I paid $1.68 for 18 extra-large eggs.

Today they were $4.40)

Build Back Better!!


16 posted on 08/13/2022 11:19:44 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
[ Post Reply | Private Reply | To 12 | View Replies]

To: bigbob

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.

https://www.gasbuddy.com/

No one, yet, puts a gun to our head and forces us to buy something that is more expensive.


17 posted on 08/13/2022 11:26:44 AM PDT by Grampa Dave (Anyone, who can make you believe in absurdities, can make you commit atrocities.!" ~ (Voltaire)!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: TomGuy

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.


18 posted on 08/13/2022 11:36:46 AM PDT by Grampa Dave (Anyone, who can make you believe in absurdities, can make you commit atrocities.!" ~ (Voltaire)!!)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ConservativeInPA

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.


19 posted on 08/13/2022 11:53:23 AM PDT by Leaning Right (The steal is real.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: TomGuy

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.


20 posted on 08/13/2022 12:03:21 PM PDT by Scrambler Bob (My /s is more true than your /science (or you might mean /seance))
[ Post Reply | Private Reply | To 8 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-34 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson