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“It’s about price because consumers can’t measure by anything else.” Neither can statisticians so that’s why I don’t put any trust in CPI numbers (“inflation”)
by ghbvfv 7y ago
“It’s about price because consumers can’t measure by anything else.”
Neither can statisticians so that’s why I don’t put any trust in CPI numbers (“inflation”). They don’t even track amount sold (I.e. did the 355 ml pop become 340ml?) how are they going to track quality???
- WillPostForFood 7y agoCPI is difficult and flawed, but they do try to account for size. Soda is pretty consistent in size (12oz can), but, for example, yogurt which can come in a variety of sizes is added to the CPI per 8oz. The hard part is how you measure the quality change. The market is flooded with high end higher quality yogurts. Yogurt shelves in the grocery store look very different than they did 15 years ago before Chobani kicked off the Greek yogurt crazy, and completely different than 30 years ago before USDA organic certification.
- ghbvfv 7y agoAdd starch to yoghurt and the 8oz becomes 7oz is yoghurt
- WillPostForFood 7y agoMake yogurt with organic grass fed milk and 8oz of yogurt costs as much as 32oz of plain old starchless yogurt.