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We've been having 'skimpflation' or 'crapiflation' for decades. The hedonic adjustment in the inflation figures accounts for eg washing machines getting relati
by jacknews 4y ago
We've been having 'skimpflation' or 'crapiflation' for decades.
The hedonic adjustment in the inflation figures accounts for eg washing machines getting relatively cheaper with more functions etc. But it doesn't account for the fact they've also been getting crappier and shorter-lived.
- sph 4y agoThis is why the government advertised figures for inflation are bullshit. The real inflation over the past 3 decades is much higher because of both skimpflation and the fact that they keep adjusting the basket of goods inflation is measured against.