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Old 11-06-2019, 10:34 AM
 
3,012 posts, read 1,970,038 times
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How are we coming to the conclusion that change in package size of food is inflation?

Consumer goods companies change food packages sizes for all kinds of reasons. Maybe customers want it on the go, for example. This convenience comes with less food for your value.

Is that inflation? It seems like a consumer choice on what they value to me.
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Old 11-06-2019, 10:38 AM
 
75,694 posts, read 75,090,806 times
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Quote:
Originally Posted by Thatsright19 View Post
How are we coming to the conclusion that change in package size of food is inflation?

Consumer goods companies change food packages sizes for all kinds of reasons. Maybe customers want it on the go, for example. This convenience comes with less food for your value.

Is that inflation? It seems like a consumer choice on what they value to me.
It would be packaged size vs price change when looked at correctly
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Old 11-06-2019, 10:43 AM
 
27,287 posts, read 34,192,803 times
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Quote:
Originally Posted by 22003yo View Post
I don't see much inflation at the grocery store, if anything it's gone down since Aldi, lidl and other discount grocery stores have been taking over.
Yup. I see the same thing.
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Old 11-06-2019, 10:43 AM
 
3,673 posts, read 2,487,311 times
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2000-2019 annual inflation:
Bananas: 0.98%
Milk: 1.38%
Frozen Vegetables: 1.24%
Fruits and Vegetables: 2.06%
Rice, pasta, cornmeal: 0.77%

Not really seeing the grocery inflation, but please provide any data you have to the contrary.
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Old 11-06-2019, 11:25 AM
 
2,007 posts, read 493,023 times
Reputation: 3079
Quote:
Originally Posted by EDS_ View Post
Well.............not to point fingers but the EQ (economics quotient) around here is very low.

1. The piece isn't propaganda.
2. The piece is actually nicely executed as the author touches on several points regarding inflation and expectations that most people are clueless about re: the tie in between inflationary expectations and measured inflation over time and the bit about real incomes rising etc.
3. The picture of food is entirely appropriate as food accounts for ~15% share of "all items" measured in both CPI-U and CPI-W.

Ah yes, ED. Spoken like a true academic with no grounding in the real world. Do you even shop for your own food, lol? I keep an itemized list of grocery store products that I purchase. More than half have gone up 10%+ in the last year. There is also a significant portion with the same price but the packaging size went down considerably. Some products closer to 30%. I know, just made up fantasy though.

1. This piece is most certainly propaganda.

2. Nothing in the article is grounded in reality for the average consumer.

3. Anyone that shops for their own food and actually tracks prices has been seeing grocery prices on the rise and package sizes shrinking.
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Old 11-06-2019, 11:44 AM
 
8,539 posts, read 7,683,325 times
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Quote:
Originally Posted by EDS_ View Post
All of this is talked about and written about on an ongoing basis. There are no secrets.
It's not in the articles that are used to justify Federal Reserve policy. I didn't see it in your response either or in many of the others defending inflation policy. I would also add that the high level of securities lending is indicative that the banks are taking on too much leverage and the treasuries are lent to give the appearance that the balance assets' leverage ratios are within regulatory limits. It looks like regulatory malfeasance on the part of the Fed.
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Old 11-06-2019, 11:48 AM
 
311 posts, read 130,286 times
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Quote:
Originally Posted by 22003yo View Post
I don't see much inflation at the grocery store, if anything it's gone down since Aldi, lidl and other discount grocery stores have been taking over.
I'm in the Los Angeles area and I haven't seen much inflation at the grocery store either. I've been purchasing maybe a couple of dozen of the same items from Trader Joe's and Costco over the years, and I'd say...prices went up only 5-10% total since 2007-ish, and package sizes remained consistent. Also, clothing hasn't gone up much (at least the brands I buy)

I have seen much more inflation at restaurants. I'd guestimate that the restaurants I frequent have gone up 40% or more per entree over the past decade. Also, auto insurance has gone up quite a bit for me despite not being involved in any "at fault" accidents.
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Old 11-06-2019, 11:59 AM
 
2,007 posts, read 493,023 times
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Quote:
Originally Posted by kishac View Post

I have seen much more inflation at restaurants. I'd guestimate that the restaurants I frequent have gone up 40% or more per entree over the past decade. Also, auto insurance has gone up quite a bit for me despite not being involved in any "at fault" accidents.

Don't worry. Even though real, these rising prices are really just your imagination. Listen to the article and the economic experts on here. We need more Fed intervention and higher prices. The people are demanding higher prices I tell you!
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Old 11-06-2019, 12:01 PM
 
8,994 posts, read 9,640,938 times
Reputation: 7631
Quote:
Originally Posted by heart84 View Post
Ah yes, ED. Spoken like a true academic with no grounding in the real world. Do you even shop for your own food, lol? I keep an itemized list of grocery store products that I purchase. More than half have gone up 10%+ in the last year. There is also a significant portion with the same price but the packaging size went down considerably. Some products closer to 30%. I know, just made up fantasy though.

1. This piece is most certainly propaganda.

2. Nothing in the article is grounded in reality for the average consumer.

3. Anyone that shops for their own food and actually tracks prices has been seeing grocery prices on the rise and package sizes shrinking.

Coming from a guy irrational enough to continue shopping at a store or stores in which prices have risen 10-30% in the last year...............forgive me for not taking you seriously.

Just like nearly all of your posts.........the numbers are in your head, not reality.
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Old 11-06-2019, 12:03 PM
 
8,994 posts, read 9,640,938 times
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Quote:
Originally Posted by lchoro View Post
It's not in the articles that are used to justify Federal Reserve policy. I didn't see it in your response either or in many of the others defending inflation policy. I would also add that the high level of securities lending is indicative that the banks are taking on too much leverage and the treasuries are lent to give the appearance that the balance assets' leverage ratios are within regulatory limits. It looks like regulatory malfeasance on the part of the Fed.
That's a good post. I'll circle back later.
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