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Shrinkflation

9,548 Views | 59 Replies | Last: 3 mo ago by Fenrir
Diggity
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AG
seriously


Quote:

"i disagree...show me data"

(shows data)

"I still don't believe it!"

ac04
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i believe that they claim they are tracking it, not disputing that at all.
Decay
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AG
My biggest shrinkflation complaint is that products that used to work might not anymore.

Aluminum foil is so thin you have to use heavy duty or it tears like tissue. And heavy duty of course got thinner. And they both cost more.
Sea Speed
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AG
I dont understand how the average family with 2 or 3 kids functions these days.
Dill-Ag13
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AG
Even smaller things. I noticed a 'standard 16oz can' of HEB diced tomatoes is 15.5oz. Same goes for Folgers coffee.
TXTransplant
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Dill-Ag13 said:

Even smaller things. I noticed a 'standard 16oz can' of HEB diced tomatoes is 15.5oz. Same goes for Folgers coffee.


I can't remember the last time I saw a 16 oz can of anything. The standard has been 14.5-15.5 oz for years, depending on the product.
EclipseAg
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AG
Have you bought cough medicine recently?

Bottle size has shrunk significantly. Prices remain the same or higher.
Decay
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AG
The bottle soap I usually use for baby stuff seems to be less-concentrated. It's thinner and not as foamy when I went from one (1-2 years older bottle from last kid) to another bottle.

It's possible there was some evaporation or something, but I always remember the Dapple being an amazing soap and washed so much with tiny amounts. Now it doesn't seem to make as much suds.

I haven't compared price but I'd expect that it got more expensive as well.
Stat Monitor Repairman
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Ground coffee now in 10oz cans and 10oz bricks?

Has that been a traditional size for coffee in the US?
AggieDruggist89
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AG
EclipseAg said:

Have you bought cough medicine recently?

Bottle size has shrunk significantly. Prices remain the same or higher.


Save your money. That **** don't work..
Stat Monitor Repairman
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Still mad that a standard size coffee can reduced to 10oz.

Bacon being sold in 12 oz packs.

Flash frozen farmed shrimp from India ain't too bad though at around $5-6 a lb.

At the end of the day we now seeing Europe prices and European sizes in the US.
P.H. Dexippus
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AG
AggieDruggist89 said:

EclipseAg said:

Have you bought cough medicine recently?

Bottle size has shrunk significantly. Prices remain the same or higher.


Save your money. That **** don't work..

You didn't ask what he's using it for
Stat Monitor Repairman
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Stat Monitor Repairman said:

Ground coffee now in 10oz cans and 10oz bricks?

Has that been a traditional size for coffee in the US?

Now seeing coffee sold in 6oz bricks?

Mostly 10oz but seems like this being phased in.

We gone from 1lb to 10oz to 6oz bricks on the shelf since covid.

We seeing European prices and quantities in the US now.
Stat Monitor Repairman
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Trump uses a box of Tic'-Tacs candy to demonstrate the concept of shrinkflation.

So we'll hear about this nonstop for the next few days while people feign confusion.

https://www.c-span.org/video/?c5128283/donald-trump-tictacs-demonstrate-inflation
Heineken-Ashi
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htxag09 said:

ac04 said:

completely disagree that shrinkflation is accounted for in CPI. i would be interested in any info/data that supported that theory.


https://finance.yahoo.com/news/shrinkflation-amid-food-inflation-is-just-like-a-magic-show-expert-162827304.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAiGnvisrs2tgd2m6ZqPGxcvotWoYmGfmyt6q-4eL5g9vu26kraMiEN-dVaqCgmAezRipUmNhoUBmgc-qMxTPrZjy2cgPKiYoy6Y1vKmNFf282m6BHgbNg-KiiZMRo0VCP3wO8NmNt32j0twHyCjM0v6siscV4-vo6b_iad9YWcT

Quote:

In July, the cost of groceries increased 13.1% compared to last year, according to the Bureau of Labor Statistics' (BLS) July Consumer Price Index (CPI). In addition to tracking prices, the BLS also monitors "shrinkflation" when the price of a product stays the same (or rises), but its package size gets smaller.

But according to the BLS, shrinkflation is a type of price increase. "That's something we track and account for," Steve Reed, an economist at the BLS told Yahoo Finance. For example, when looking at the "pricing a 64-ounce [container] of orange juice and we try to price it and it's only 59 oz; maybe it's the same price, but for 59 ounces instead of 64 ounces, that'll be computed as a price increase."




Lays chips. Same bag. Less chips inside. According to your link, BLS wouldn't log that as shrinkflstion. There were dozens of similar things too.

HEB changed the packaging for their cheese slices from a hard shell to a soft peel and stick package. And it has less slices and thinner slices.

HEB thick cut bacon is barely thicker than what used to be their normal bacon, and less slices than before.

BLS probably doesn't know about half of these.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
one safe place
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A lot of things are hard to avoid buying,, but eating in restaurants or eating fast food can be avoided and should be if inflation and shrinkflation are bothering you.
Stat Monitor Repairman
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Looks like Trump baited 'em with his tic-tac bit. Now he got groceries splayed out at a press conference.
Brian Earl Spilner
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AG
Always look at the cost per oz.
Diggity
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AG
Heineken-Ashi said:

htxag09 said:

ac04 said:

completely disagree that shrinkflation is accounted for in CPI. i would be interested in any info/data that supported that theory.


https://finance.yahoo.com/news/shrinkflation-amid-food-inflation-is-just-like-a-magic-show-expert-162827304.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAiGnvisrs2tgd2m6ZqPGxcvotWoYmGfmyt6q-4eL5g9vu26kraMiEN-dVaqCgmAezRipUmNhoUBmgc-qMxTPrZjy2cgPKiYoy6Y1vKmNFf282m6BHgbNg-KiiZMRo0VCP3wO8NmNt32j0twHyCjM0v6siscV4-vo6b_iad9YWcT

Quote:

In July, the cost of groceries increased 13.1% compared to last year, according to the Bureau of Labor Statistics' (BLS) July Consumer Price Index (CPI). In addition to tracking prices, the BLS also monitors "shrinkflation" when the price of a product stays the same (or rises), but its package size gets smaller.

But according to the BLS, shrinkflation is a type of price increase. "That's something we track and account for," Steve Reed, an economist at the BLS told Yahoo Finance. For example, when looking at the "pricing a 64-ounce [container] of orange juice and we try to price it and it's only 59 oz; maybe it's the same price, but for 59 ounces instead of 64 ounces, that'll be computed as a price increase."




Lays chips. Same bag. Less chips inside. According to your link, BLS wouldn't log that as shrinkflstion. There were dozens of similar things too.

HEB changed the packaging for their cheese slices from a hard shell to a soft peel and stick package. And it has less slices and thinner slices.

HEB thick cut bacon is barely thicker than what used to be their normal bacon, and less slices than before.

BLS probably doesn't know about half of these.
sure they would...the bag will weigh less if there are less chips in it.
Heineken-Ashi
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Do they measure volume or weight? Can't seem to find anything that verifies that.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Diggity
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AG
Pretty common disclaimer back in the day. I'm guessing it's still the case.

"This product is sold by weight and not by volume"
Heineken-Ashi
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Diggity said:

Pretty common disclaimer back in the day. I'm guessing it's still the case.

"This product is sold by weight and not by volume"
But is the BLS checking the weights? According to the article above, they are merely tracking package size and thus products in the same package with less volume are not being considered as shrinkflation by them.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Diggity
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AG
Heineken-Ashi said:

Diggity said:

Pretty common disclaimer back in the day. I'm guessing it's still the case.

"This product is sold by weight and not by volume"
But is the BLS checking the weights? According to the article above, they are merely tracking package size and thus products in the same package with less volume are not being considered as shrinkflation by them.
BLS tracks the weight...so if they start giving you less of something, that would be reflected.

If you're saying the companies are giving you less of something, but using the previous labeling for the weight...that would be fraud.
Heineken-Ashi
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Diggity said:

Heineken-Ashi said:

Diggity said:

Pretty common disclaimer back in the day. I'm guessing it's still the case.

"This product is sold by weight and not by volume"
But is the BLS checking the weights? According to the article above, they are merely tracking package size and thus products in the same package with less volume are not being considered as shrinkflation by them.
BLS tracks the weight...so if they start giving you less of something, that would be reflected.

If you're saying the companies are giving you less of something, but using the previous labeling for the weight...that would be fraud.

Ok. No that's not what I was saying. Was wondering if BLS tracks it. Thanks.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Fenrir
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R-CPI supposedly tracks it. Interestingly there was essentially 0 change in the index from Dec 2014 when the index started until covid. Since then the index has increased 25%.
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