Shrinkflation is Now Not Included in CPI

In this video, we cover the shocking realization that due to the pandemic, the Bureau of Labor Statistics has not been consistently weighing food items that are included in the Consumer Price Inflation Index basket of goods. Because of this, all of the 'shrinkflation' that has happened over the last year and a half has not been accounted for in the official inflation metrics.

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Sources:
https://mises.org/wire/shrinkflation-inflations-sneaky-cousin-rise
https://www.washingtonpost.com/business/2021/06/01/package-sizes-shrink-inflation/?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top

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