Dear Bureau of Labor Statistics: please pay careful attention to this case study of how your CPI “inflation” gauge, hedonically, seasonally-adjusted or otherwise, is completely inaccurate, and how what you record as 0% inflation is really 72%. As Consumerist points out, for the latest example of “stealth inflation” we go to Sodastream, where as part of a redesign of its proprietary line of flavoring syrups which “cost the same” the actual bottle contents are now not only smaller but also diluted.
“How much smaller? The old version made 50 servings of flavored drink, and the new versions make only 29. Why 29? Why not 30? Such are the mysteries of the Grocery Shrink Ray.”
Phi Beta Iota: The article worth reading in its entirely. The US Government is actively incompetent at the craft of intelligence (decision-support), not only within the secret intelligence community but across the board. At every level of government, there is a lack of integrity with respect to reality and the true cost of anything and everything.
When things are not going well, until you get the truth out on the table, no matter how ugly, you are not in a position to deal with it. Bob Seelert, Chairman of Saatchi & Saatchi Worldwide (New York)