Last two times I bought ribs from my grocery store, they’ve been noticeably less meaty. Price per pound is the same and the weight is the same, but the percentage of bone relative to meat is a lot higher than normal. Similarly I feel like my garbage bags are thinner and rip more easily. Just two examples and totally anecdotal, but I was wondering how (if at all) CPI attempts to normalize for things like this
How does CPI account for tricky shrinkflation?
byu/L1mpD inAskEconomics
Posted by L1mpD
1 Comment
https://www.bls.gov/opub/btn/volume-12/measuring-shrinkflation-and-its-impact-on-inflation.htm
shrinkflation is one of the easier quality changes to deal with. nebulous quality changes, like what you describe are harder but still generally accounted for.
– https://www.bls.gov/cpi/quality-adjustment/
– https://www.bls.gov/cpi/quality-adjustment/questions-and-answers.htm