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Do government CPI statistics account for "the grocery shrink ray" wherein prices remain fixed but quantities decrease?
by ultrarunner 6y ago
Do government CPI statistics account for "the grocery shrink ray" wherein prices remain fixed but quantities decrease?
- anotherman554 6y ago"The CPI market basket is developed from detailed expenditure information provided by families and individuals on what they actually bought." https://www.bls.gov/cpi/questions-and-answers.htm#Question_3 https://www.bls.gov/cpi/questions-and-answers.htm#Question_3 So if families are buying in lower quantities then yes it would be accounted for.