Supermarket 'shrinkflation' to be targeted through fairer, more comparable pricing rules
2 months, 3 weeks ago

Supermarket 'shrinkflation' to be targeted through fairer, more comparable pricing rules

ABC  

Ever noticed your favourite cereal, packet of chips or even cleaning spray looking a little smaller or feeling lighter in your hand? In March, consumer group Choice documented 10 recent offenders including Coles' Mighty Grain cereal, which lost 65g in weight but kept the same $4.50 price tag, and an identical downsizing of Woolworths' brand Max Charge grain cereal. New rules would improve readability, comparability, prominence An ongoing inquiry into the sector by the Australian Competition and Consumer Commission heard shoppers were concerned about how supermarkets display prices. The government says it plans to change the Unit Pricing Code to improve readability and visibility of prices in stores, address inconsistent unit measurements and improve comparability of prices between stores. "Tackling 'shrinkflation' through stronger unit pricing and new penalties is part of our plan to get a better deal for Australians," Mr Albanese said in a statement.

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History of this topic

Does your weekly shop feel a little lighter or smaller? You're not imagining it, it's 'shrinkflation'
1 year ago

Does your weekly shop feel a little lighter or smaller? You're not imagining it, it's 'shrinkflation'

ABC  

You feel robbed, don't you? Well let's draw a line in the sand right now and define the underlying cause of this uncomfortable feeling: it's called "shrinkflation". Leigh Merrington, acting head of prices statistics at the ABS, says the bureau doesn't have a standard definition for this phenomenon, but it's often described as when a product's "quantity falls but the …

Shrinkflation
2 years, 3 months ago

Shrinkflation

The Hindu  

Shrink inflation is when a product downsizes its quantity while keeping the price the same. In other words, shrinkflation occurs when goods shrink in size but consumers pay the same price. Shrinkflation deceives consumers into believing that the brands they buy are not affected by inflation, since container and vessel sizes are reduced by very small amounts, saving manufacturers more …

Shrinkflation strikes shoppers as companies downsize products without cutting costs
3 years, 5 months ago

Shrinkflation strikes shoppers as companies downsize products without cutting costs

Daily Mail  

As companies face higher costs for raw materials, some are jacking up prices for consumers, but others are resorting to a stealthier measure by shrinking the package sizes for everyday items such as paper towels and breakfast cereal. It's a trend contributing to the 5.4 percent rise in prices US consumers are facing for everyday goods - the sharpest annualized …

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