Re:Shitflation, shrinkflation, inflation database
by arcticbull on Friday December 22, 2023 @03:09PM
(#38738060)
I was typing too fast, lol, I meant to say "the prices at point of sale have gone up significantly more for some people." Especially in places that used to have a competitive grocery environment. I think people tend to mistake their personal experiences for broader trends.
Of course I agree with you about how CPI samples are taken and that they are representative of the market as a whole.
tl;dr: I agree with you, I'm just floating a theory as to why some people may have significantly different experiences on a micro level.
Re:Shitflation, shrinkflation, inflation database
by JumpCrisscross on Friday December 22, 2023 @03:43PM
(#38738456)
> places that used to have a competitive grocery environment
This is what I’m seeing, anecdotally. In towns with more than one non-affiliated grocer, prices are cheap. In towns with consolidated groceries, prices are higher. Enough that the “savvy” shoppers, i.e. those with a car and time and liquidity to enable bulk buying, drive to the next town over.
CPI, as the name suggests, is based on consumer prices. They're not taking the price of wheat features and calling it a day.
https://www.bls.gov/cpi/questions-and-answers.htm