That’s the official inflation numbers, which are lies. It’s an open secret that in the 90s there was a political movement among the owners to artificially lower reported inflation (see: Boskin Commission for example) because it would boost the economy (on paper) while letting them absorb the gains.
Underreporting by 1-2% a year doesn’t seem like much until you do it for several decades. Looking at actual inflation instead of the reported lie, that mars bar is closer to $2 today. Shrinkflation had to happen to keep the bigger con going. Most businesses will, of course, cheat the margins at every instance.
That’s the official inflation numbers, which are lies. It’s an open secret that in the 90s there was a political movement among the owners to artificially lower reported inflation (see: Boskin Commission for example) because it would boost the economy (on paper) while letting them absorb the gains.
Underreporting by 1-2% a year doesn’t seem like much until you do it for several decades. Looking at actual inflation instead of the reported lie, that mars bar is closer to $2 today. Shrinkflation had to happen to keep the bigger con going. Most businesses will, of course, cheat the margins at every instance.
TLDR; shrinkflation is a symptom, not the disease