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The ONS who calculate the UKs GDP are aware of this and have an interesting report on it: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/thei
by aembleton 7y ago
The ONS who calculate the UKs GDP are aware of this and have an interesting report on it: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/theimpactofshrinkflationoncpihuk/howmanyofourproductsaregettingsmaller https://www.ons.gov.uk/economy/inflationandpriceindices/arti...
"In order to accurately measure inflation, we use quality adjustment processes to account for any changes to a product’s weight, volume or size"