Monday, October 25, 2010

A big swig of inflation for breakfast

Some interesting insights on how even Wal-Mart is doing its best to mask inflation by penny pinching here, there and soon, everywhere. Below is an example of 20% inflation in the span of a few weeks, which will most certainly not be captured in government statistics of food inflation.

Courtesy of Survival Blog

Carlos in the U.P. wrote: "I noted with interest that the Wal-Mart I shop at had cleared the shelves of "Great Value" brand coffee in 39 oz cans for about 2 weeks. Today the new can appeared, with the following differences: 1.) Can is now 33.9 oz, down from 39 oz. Also conspicuously missing is the conversion of 2lb, 7oz therefore no comparison in pounds is easily made. 2.) Price for this smaller can is up from $9.88 to $10.48, by my rustic math an approximate 20% increase! 3.) Contents of can are no longer 'Premium Columbian' Decaffeinated. Now labeled '100% Classic Decaf'"

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