This is only the increase they want to admit — not the additional, and much more insidious price increase of product shrinkage…
I’m in the regime’s anti inflation plan. I got a 6+% COL in my Social Security and an 18% increase in Medicare premium. Net, I’m operating at 1% above last year. Thanks to the regime, I’m not out there driving up prices.
Of course the damn prices are going to go up.
All this is Biden's fault. And his commie thug pals - we must never forget who screwed over the American people.
Product shrinkage or inventory shrinkage is loss from theft and spoilage.
Package shrinkage, if that is what you meant, is package size variance when a marketer accordions the product size up and down before and after change the wholesale and retail price. Package sizes go up and down over decades. They shrink, and go back up. Otherwise all Three Musketeers bars would be microscopic by now. I agree that smaller sizes are a way to hide an immediate increase in price. But 16 ounces of bacon is still 16 ounces and consumers can still read and know that a 12 ounce package of bacon isn't a 16 ounce package of bacon.
they over the years have reduced their package size so now its not really a great place for buys....