To: stockpirate
1. Containers have become smaller while prices remain the same, INFLATION, less product for the same price.
That's accounted for in the calculations. Changes in quality, which include size, are adjusted. If a $1.00 can of tuna goes from 5 oz to 4.8 oz and stays a dollar, that is recorded as a 4.2% price increase.
2. Fuel and food are no longer in the inflation list of items
Yes they are.
http://www.bls.gov/news.release/cpi.nr0.htm
Number 3 is addressed in point one.
86 posted on
10/23/2015 11:23:42 AM PDT by
pinqy27
To: pinqy27
Interesting that you signed up to post an answer. I read the link and I see nothing that states they look at decreased portion size at the same price.
Ground beef is about $5.00 a pound, I used to pay that for steak.
94 posted on
10/25/2015 2:10:18 PM PDT by
stockpirate
(The Republican leadership are all fascist/Socialists, just like the fascist democrats.)
To: pinqy27; everyone
95 posted on
10/25/2015 2:15:24 PM PDT by
stockpirate
(The Republican leadership are all fascist/Socialists, just like the fascist democrats.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson