Thank you I've been ranting about this for a while but your post really put's it in perspective. Remember when a standard can of fruit or veggies was 16oz and recipes were based on that? Now they have all shrunk while the price increased and to make things you have to buy 2 cans or the taste/texture is altered.
How about coffee, etc. Soon we will need a wheelbarrow to buy a bag of groceries.

I was shopping at Costco the other day and when I picked up a package of toilet paper it seemed smaller than usual. Not by much but noticably so. So when I got home I compared it to a previous package (Old one on top).
Notice the comments on the newer package (bottom), which show's "wider sheets", and now 30 jumbo rolls are the same as 83 regular rolls where they used to be only equivalent to 75 regular rolls. Must be that deflation kicking in giving me more for my dollar!
However, if you read the fine print, it tells a different story. First the sheets are exactly the same size as the older pack. Also, the fine print for the "83 regular rolls" asterisk, it says "vs. Charmin Basic". So did the "Ultrasoft jumbo rolls get bigger"? No - they actually got smaller for a new slightly higher price. So this must mean "Charmin Basic" rolls shrunk even more.
In June 2010, the top package cost $18.89 for 937.5 sq. ft. or $0.02015/sq. ft. The newer package, purchased this week, was $19.35 for 866.2 sq. ft, or $0.02234/sq. ft. If you only paid attention to the price, you would think only a 2.4% increase in 2 years, however, paying attention to the quantity and price you discover it's a 10.9% increase in price.
So, I decided to check another product, Bounty paper towels! Old package on left, new package on right:
Again, more marketing hype to make you think you are getting more for your money, "Longer Sheets". But this stories the same. In June 2010 the package on the left was $18.99 for 915.2 sq. ft, or $0.020750/sq. ft. The package on the right, purchased this week, was $19.99 for 857 sq. ft, or $0.023326/sq. ft. By price it's a 5.3% increae, but by quantity and price it's a 12.4% increase.
Quantitative changes such as the two illustrated above are easy to detect, however, qualitative changes are much less obvious. For instance the package of vitamins, also from Costco:
Now in this case the price dropped substantially, from $15.99 in June of 2009 to $15.69 in January 2012. However, when you look at the back label, the formulation has changed quite a bit:
So, you pay about the same, but get less....
The moral, the CPI information from the BLS are lies! Looking at common everyday goods it's quite easy to see inflation at least double the advertised rate.