How does 8% inflation correlate with the 30-50% increase in the price of products also accounting for shrinkflation?

Question

Edit: thanks to everyone especially those of you that have really detailed answers. I’ve learned a lot .

In: 448

Answer 1

The top comments are giving the correct official response but just like most other things it boils down to lies and corruption. The basket of goods and formula for calculating inflation are set up in a way to give the desired results.