We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
MSE News: Thousands of everyday products get smaller while prices stay the same
Former_MSE_NickR
Posts: 3 Newbie
in Gone off!
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'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
'Thousands of everyday products get smaller while prices stay the same - here's how to beat 'shrinkflation'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
Does any of this get included in measures of inflation?0
-
Now I need to know, which supermarkets are worse and which brands/manufacturers are the most guilty.0
-
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.0 -
-
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."0 -
@glensmen
My mistake, the press article I read before posting here indicated that they didn't take it into account. Thanks for the link.0 -
Yawn!. Anybody with half a brain knew this was happening.
Didn't need the ONS to waste my money on the research.The more I live, the more I learn.
The more I learn, the more I grow.
The more I grow, the more I see.
The more I see, the more I know.
The more I know, the more I see,
How little I know.!!
0 -
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/47652350 -
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.
0 -
I did a quick search and you're right, they aren't that stupid!Yes. The ONS aren't that stupid. They take it into account.
https://www.ons.gov.uk/economy/inflationandpriceindices/articles/theimpactofshrinkflationoncpihuk/january2012tojune20170
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.8K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.6K Work, Benefits & Business
- 618.2K Mortgages, Homes & Bills
- 176K Life & Family
- 254.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards