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So is shrinkflation actually included in official inflation numbers? If all bars of soap in the country become smaller by 10%, does 'official' inflation number
by ClumsyPilot 3y ago
So is shrinkflation actually included in official inflation numbers? If all bars of soap in the country become smaller by 10%, does 'official' inflation number go up? Are the folks tracking official inflation index equipped to measure all the various products per kilo, etc?
- vuln 3y ago“Inflation? There’s no inflation, we’ve created millions of jobs and pay has increased!” - Current Administration
- vuln 3y agoThe truth hurts more than the downvotes.
- hankchinaski 3y agoin the uk we measure the price of a basket of goods, which includes quantity adjustment. So packaging size is irrelevant. https://www.ons.gov.uk/economy/inflationandpriceindices/methodologies/consumerpricesindicestechnicalmanual2019#weights https://www.ons.gov.uk/economy/inflationandpriceindices/meth... >The simplest form of direct adjustment is quantity adjustment, which is used when there is a permanent size change in an item.