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Campbell's Condensed Tomato Soup has long been our favorite way to visualize the effects of inflation over time in the U.S. economy. That's because the product is defined by its iconic packaging, a No. 1 size steel can that contains the same amount of condensed tomato soup as it did when the product was first introduced to the public in the late 1800s.

This relative stability in packaging however means Campbell Soup cannot hide the price increases is passes along to its customers through shrinkflation, which many other food producers exploit by keeping the same prices on their goods, but diminishing the amount of goods within them. When inflation drives up the costs of what they have to pay to make and transport their goods to consumers, Campbell's must increase their prices to compensate.

That's what's happening now. Campbell Soup has confirmed it is increasing prices across its product lines

> Campbell's Condensed Tomato Soup has long been our favorite way to visualize the effects of inflation over time in the U.S. economy. That's because the product is defined by its iconic packaging, a No. 1 size steel can that contains the same amount of condensed tomato soup as it did when the product was first introduced to the public in the late 1800s. > This relative stability in packaging however means Campbell Soup cannot hide the price increases is passes along to its customers through shrinkflation, which many other food producers exploit by keeping the same prices on their goods, but diminishing the amount of goods within them. When inflation drives up the costs of what they have to pay to make and transport their goods to consumers, Campbell's must increase their prices to compensate. > That's what's happening now. Campbell Soup has confirmed it is increasing prices across its product lines

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[–] • 4 pts

a new pricing strategy

An euphemism for higher prices and/or a monthly subscription model.

When you look at the cost of a can of soup, you notice when the cost starts to really spike. This correlates perfectly with Nixon decoupling the federal reserve note from gold and the Fed's "mandate" to incur 2% yearly inflation. Except the 2% number is skewed because inflation doesn't include consumables people buy a lot of. Therefore, actual inflation is much higher. Those Keynesian economists play fast and loose with numbers to satisfy their preferred outcomes.

[–] [deleted] • 2 pts

skewed because inflation doesn't include consumables people buy a lot of.

gaslighting of the highest order right there.