Up untill a week ago Nofrills carried these “three packs” of salmon for $10. Now the same pack contains two for the same $10. I thought it felt light when I bought it yesterday.
This comes to about $0.02 increase per gram, and a $1.10 price increase overall. Or a 11% increase in price overall. Meanwhile inflation is at 6-7%?
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Some countries have outlawed this behavior. If the seller/producer wants to decrease the package contents and keep the package size and price the same, they can (of course), but they must write on the package that the contents have decreased in large bright characters that are hard to miss. Something like this:
255gnow 200gI’m not sure where you are (assuming USA, based on the packaging), but it’s not illegal in the USA, since consumer protection is near to nonexistent.
Pretty sure this is Canada, no frills is a franchise chain under Loblaws. Loblaws is the kind of company that increases a product price by 20% and then puts up a “same price everyday” sign to gaslight customers.
In the US it’s actually illegal for companies to do something that benefits the consumer
This sucks. One of my favorite places to eat has both inflation and shrinkflation. Higher price for smaller portions.
More than likely their suppliers are bleeding them, a lot of restaurants in my town are dealing with the same shit
Yeah. One of my favourite restaurants closed a couple months ago because they just couldn’t justify charging more for food, but their suppliers sure could.
It’s not the supplier “bleeding them” the supplier has the exact same problem the restaurant has, inflation, if they don’t raise the prices they go bankrupt. It’s a vicious cycle of everyone raising prices not to go bankrupt which causes everyone else to do the same.
If you don’t think suppliers are using inflation to justify robber-baron price hikes, I guess you missed the part where companies are posting record profits.
Huzzah for our current system of capitalism that insists a company is only doing good if each quarter has record profits. What’s bad with doing “good enough?”
Inflation drives all the numbers up. If money inflates to half the value but you maintain the same profit margins, you’ll make record profits despite the finances having functionally remained exactly the same.
Workers are also making record wages. It doesn’t mean much if you don’t consider how much the money is actually worth, as we’ve all been discovering over the last few years.
so why not just lower the profit margins? also give me some of them record wages please, all I got was a bottle of champagne for all the work weve done and record profits but also raises in pay are frozen because of the turbulent times
You got champagne? All I got was runaround, brand new policies pulled out of thin air, and creative counting to deny seniority benefits. Turns out, I’ve worked for the same place 30 years when it inflates their retention and longevity numbers for the oversight agencies. I’ve also worked there for only a year (started a new position last year) when it suits them to deny a published benefit. The completely mindboggling part? These two countings were in the same email.
If it’s not Shrinkflation, it’s Diluteflation.
I occasionally see posts and news articles about how AriZona Tea Company has “held the line” and kept their giant cans of iced tea priced at 99 cents for so long.
Well, after drinking a few cans of the stuff recently, I’m almost certain they’re watering down their product. The tea is nowhere near as concentrated as it was a few years ago. There’s practically no flavor to it anymore.
Hmm I’ve been drinking it for years and don’t notice that either. Maybe check the sell by dates on yours. They do kind of deflate over time.
I kinda doubt they would bother to water it down. Realistically the flavouring in it costs a fraction of a cent for them. If they changed it for any reason would probably just be to be healthier
Companies operating on that scale sell millions and millions of beverages. Even half a cent per can can add up to huge amounts of money. Also, their job is literally to sell containers of diluted high fructose corn syrup, so I don’t think customer health is their priority.
The absurd thinness of the “family size” boxes of frosted mini wheats is another one.
They won’t be able to stand upright in the next round of shrinking.
