This infographic looks at the frequency of "shrinkflation" occurring in the Consumer Price Index (CPI), specifically in the food component between 2021 and 2023. "Shrinkflation" refers to the practice of selling a smaller quantity of a product at the same price as the larger size previously offered. Any change in the quality or quantity of a product or service is taken into account in the calculation of the CPI.
Description - Shrinking products, rising prices: Food-specific quantity adjustments in the Consumer Price Index
Full description: Shrinking products, rising prices: Food-specific quantity adjustments in the Consumer Price Index
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