Libertariman on Nostr: M2 money supply is inflating at a 4.3% clip annually, so that is pretty fast. The ...

M2 money supply is inflating at a 4.3% clip annually, so that is pretty fast.
The prices of snacks, including the good ones, are sticky compared to M2 inflation speed.
But I agree that anything that is comparably desirable and scarce will increase in price faster than things that are commodified.

The confectioneries that have been around for decades and centuries understand branding and they tend not to shrinkflate or substitute with inferior ingredients.
They usually purchase specific ingredients from a specific farm.
That's part of the reason they've been around for so long!

But with commodified food, yes, shrinkflation is getting really bad.
An example that I like to pick on is Natto, the Japanese soul food that is sold in all supermarkets in Japan.
Go to an average supermarket and it'll be hard to find natto made with Japanese beans (American or Canadian is common now).
It used to be the opposite just a few years ago.

Go to a higher-end supermarket (Seijyo Ishii, Kinokuniya, etc.) and one can find Japanese natto there.