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I think to claim an x-flation, you need to be describing more than just a price/quantity change. It has to be at "monetary" scale. Anyway, the end of definitio
by netcan 7y ago
I think to claim an x-flation, you need to be describing more than just a price/quantity change. It has to be at "monetary" scale.
Anyway, the end of definition for shrinkflation (or inflation/deflation generally) is the interesting part these days
"process of items shrinking in size or quantity, or even sometimes reformulating or ^^reducing quality ^^"...per dollar.
Shrinking burger sizes (most of the Wikipedia examples, amusingly) aren't a trend to be worried about. There's only so much that can go under the radar.
Reformulating or reducing quality OTOH... This one is a total black box in many senses. It's hard to say if services are increasing/decreasing in quantity and quality. These are far less legible than steel & automobiles.
What's the price controlled trend in quantity/quality for financial services, legal services, etc. educational services.... These illegibles are trending up, as a proportion of the overall economy, so their trends matter a lot.