MSE News: Thousands of everyday products get smaller while prices stay the same

Former_MSE_NickR

More than 2,500 everyday products have shrunk in size over the last five years, but their prices have not, official figures have revealed.

Read the full story:
'Thousands of everyday products get smaller while prices stay the same - here's how to beat 'shrinkflation'

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[Deleted User]

Does any of this get included in measures of inflation?

Ken68

Now I need to know, which supermarkets are worse and which brands/manufacturers are the most guilty.

[Deleted User]

ringo_24601 wrote: »

Does any of this get included in measures of inflation?

No as the price of a packaged good like a Mars bar is only accounted for. Not it's net weight (actual weight of the goods excluding all packaging)

This is a flaw in the statistical analyse used to calculate inflation rates.

[Deleted User]

gsmlnx wrote: »

No as the price of a packaged good like a Mars bar is only accounted for. Not it's net weight (actual weight of the goods excluding all packaging)

This is a flaw in the statistical analyse used to calculate inflation rates.

I wonder what the real inflation rate is then!

glensmen

gsmlnx wrote: »

No as the price of a packaged good like a Mars bar is only accounted for. Not it's net weight (actual weight of the goods excluding all packaging)

This is a flaw in the statistical analyse used to calculate inflation rates.

Office for National Statistics say otherwise.

https://visual.ons.gov.uk/shrinkflation-and-the-changing-cost-of-chocolate/

"When working out our published inflation rates, we always adjust our prices data to take account of changing pack sizes."

[Deleted User]

@glensmen
My mistake, the press article I read before posting here indicated that they didn't take it into account. Thanks for the link.

robin58

Yawn!. Anybody with half a brain knew this was happening.

Didn't need the ONS to waste my money on the research.

VoucherMan

MSE_Nick_RK wrote: »

More than 2,500 everyday products have shrunk in size over the last five years,

Only 5 years?
MSE's already had a thread on the topic for over 7 years.

https://forums.moneysavingexpert.com/discussion/4765235

antrobus

ringo_24601 wrote: »

Does any of this get included in measures of inflation?

Yes. The ONS aren't that stupid. They take it into account.

[Deleted User]

antrobus wrote: »

Yes. The ONS aren't that stupid. They take it into account.

I did a quick search and you're right, they aren't that stupid!

https://www.ons.gov.uk/economy/inflationandpriceindices/articles/theimpactofshrinkflationoncpihuk/january2012tojune2017