Everybody is very worried about inflation right now, but perhaps we should be more worried about the price creep already taking place before our eyes.
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Price inflation is a phenomenon that we all have to contend with at some point in our lives. Whether it is an increase in the cost of groceries or a rise in the price of gasoline that we must pay at the pump, inflation affects our purchasing power and ultimately our quality of life. However, the truth is that price inflation can be insidious and subtle, and it can happen without us even realizing it.
One of the most significant ways in which price inflation occurs today is through what economists call ‘shrinkflation’. Essentially, this means that companies maintain the same prices while reducing the amount of product they offer. For example, you may have noticed that the size of your favorite chocolate bar has gotten smaller, while the price has remained the same. This is an example of shrinkflation in action.
Shrinkflation can happen for a variety of reasons. Companies may be faced with higher input costs, such as the price of raw materials, packaging, or shipping. To maintain their desired profit margins, they must either raise prices or find ways to cut costs. Shrinkflation is an easy way to reduce the amount of product offered without affecting the perceived value of the item, allowing companies to maintain the same prices without losing customers.
Another way in which price inflation can occur without us realizing it is through the use of discounts and promotions. Retailers often use discounts to attract customers, but they can be deceptive. For example, a store may offer a ‘buy one, get one free’ promotion, but the price of the item may have been inflated so that the store still makes a profit even after offering the discount. This means that while we may think we are getting a good deal, we are actually paying more than we would if the item was not on sale.
Overall, the key takeaway is that price inflation can happen in many ways and is not always obvious. While it is important to keep an eye on the overall inflation rate, it is also essential to be vigilant and aware of the ways in which prices can increase without our knowledge. By being informed consumers, we can better manage our finances and ensure that we are always getting the best value for our money.
i get it but i'm in israel so only biggest thitsvt
Was 4 percent
The bigger problem is Bidenflation
disgusting
Big Mac
Shinkflation did happened in Turkey 4 years ago, in 2018. When they had nothing to shrink, things lost their quality significantly, then now prices are increasing like crazy.
Bruh that’s marketing not economics lol
I've written a whole book on it. And it's probably the first book on Shrinkflation.
Is Milka chocolate still visible from the side?
This is extremely misleading. This shows up in the CPI. It may fool individual families but this video makes it seem like shrinkflation doesn’t show up in the inflation statistics.
Just since the 1st of the year. Jan. 1 debt was 29.488 Trill. 15 days later 29.810. That's 362 billion!
Yeah ✌ everytime I realize that
In the past 2 years government has shut down producers, paid people to not work, basically shut down the supply chains, and also printed almost half a dozen trillion dollars. But yeah, let's blame the producers of goods and services for the price increases that always are the result of monetary inflation/ currency devaluation.
History does more than just rhyme in the USSA.
Pay more or pay the same for less quantity.
So you very quickly proved you have no idea what you're talking about. In fact the price in manufacturing is minimal, however the price difference in handling and shipping is massive. These are in fact, the majority of pricing in food items, well that and triple dipping on taxes, but regardless this video is half baked at best.
Couldn't have put it any better
Need to try
I check the "per kilo" price, and go with it. I care nothing about the actual size of the package, or the packaging.
The problem is that large private and Central Banks have obtained the Exclusive franchise to create ALL new Currency as debt then loan it out at interest, indebting the whole world.
The more they create, the more they make. They created approximately 40 % new Currency since march 2020.
You can't spend it off planet.
How will that not drive 40 % inflation, we don't have 40 % more people or productivity.
And
Because it's all debt it all has to be paid back.
And because it's created and loaned out at interest, we have to pay the creators more than they invented.
Where is the interest comeing from ?
Do you know the only time we get Currency that doesn't have to be repaid to the banks ?
It's when a borrower goes bankrupt.
End the FED, cease all fractional banking, national treasury departments to create all new Currency with a zero inflation policy and return to Sound Money Silver and Gold.
You forgot the part where they have to pay for the 5 pack twice to get the 10 pack. Because, you know, people eat the food.
It would be cool for you to start a channel with monthly videos that gave updates on US inflation and US debt.
Maybe we should just stop buying these kind of products then. Why should any of us support these companies who are scamming their customers? It's not as if we even need any of the junk they sell in the first place.
That is so disingenuous!