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'Shrinkflation:' Package Sizes Get Smaller Due to Inflation
Posted
June 9, 2022
Views
3,494
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June 9, 2022
3,494
95
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3.23%
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0:49Now PlayingInflation has caused prices to soar around the world — but you might be getting even less bang for your buck than you first realized.
Manufacturers are quietly shrinking package sizes without lowering prices in a process dubbed “shrinkflation” in order to deal with rising costs of ingredients, packaging, labor and transportation.
“Shrinkflation” appeals to companies because while customers WILL notice price increases they might not be keeping track of net weights or other small details.
For example, fewer tissues in a box, less toilet paper sheets per roll, fewer ounces in yogurts and drinks, and even fewer chips in some of your favorite bags of snacks.
So next time you go shopping make sure to look beyond the price tag.
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