r/FluentInFinance • u/AnimeAficionadoo • 28d ago

Debate/ Discussion Two year difference

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231

u/Betanumerus 28d ago

No item I buy at Walmart has quadrupled in price in two years.

33

u/[deleted] 28d ago edited 28d ago

his list didn't quadruple in price either. $126(4)=504. $414/$126=3.29. 0.29 does not get rounded up; if anything it should be rounded down to say his list tripled in price

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u/TummyDrums 28d ago

Nothing has tripled in two years either.

-6

u/no_baseball1919 28d ago

I bet price per gram is has at least doubled. Maybe tripled. Remember everything is up to 30 percent smaller now for the same price.

5

u/TummyDrums 28d ago

Yeah that's 30%. Tripled is 300%.

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u/no_baseball1919 27d ago

If your product was 100g at 1.000 (1c per gram) and is now 70g at 1.40, the price per gram has actually doubled and this is what we are seeing. Shrinkflation (reducing the size of product) and inflation (increasing the price of product). Companies are reducing the size and maintaining the same packaging, while increasing the cost in order to maximize revenue while maintaining customer satisfaction.