this post was submitted on 19 Feb 2024
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Shrinkflation

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A community about companies who sneakily adjust their product instead of the price in the hopes that consumers won't notice.

We notice. We feel ripped off. Let's call out those products so we can shop better.

What is Shrinkflation?

Shrinkflation is a term often coined to refer to a product reducing in size or quality while the price remains the same or increases.

Companies will often claim that this is necessary due to inflation, although this is rarely the case. Over the course of the pandemic, they have learned that they can mark up inelastic goods, which are goods with an intangible demand, such as food, as much as they want, and consumers will have no choice but to purchase it anyway because they are necessities.

From Wikipedia:

In economics, shrinkflation, also known as the grocery shrink ray, deflation, or package downsizing, is the process of items shrinking in size or quantity, or even sometimes reformulating or reducing quality, while their prices remain the same or increase. The word is a portmanteau of the words shrink and inflation.

[...]

Consumer advocates are critical of shrinkflation because it has the effect of reducing product value by "stealth". The reduction in pack size is sufficiently small as not to be immediately obvious to regular consumers. An unchanged price means that consumers are not alerted to the higher unit price. The practice adversely affects consumers' ability to make informed buying choices. Consumers have been found to be deterred more by rises in prices than by reductions in pack sizes. Suppliers and retailers have been called upon to be upfront with customers.

https://en.wikipedia.org/wiki/Shrinkflation

Community Rules

  1. Posts must be about shrinkflation, skimpflation or another related topic where a company has reduced their offering without reducing the price.
  2. The product must be a household item. No cars, industrial equipment, etc.
  3. You must provide a comparison between the old and new products, what changed and evidence of that change. If possible, also provide the prices and their currency, as well as purchase dates.
  4. Meta posts are allowed, but must be tagged using the [META] prefix

n.b.: for moderation purposes, only posts in English or in French are accepted.##

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[–] [email protected] 28 points 6 months ago (3 children)

Or more realistically the underpaid over worked employee that has to stock and retag the entire store hasn't been able to replace that label yet.

But sure, let's just say they lied instead like it's some devised plan set in motion.

[–] [email protected] 15 points 6 months ago (3 children)

Then CVS allows itself to publish misinformation by not staffing its stores sufficiently. Still their responsibility all the same.

[–] [email protected] 14 points 6 months ago

I agree with both of you. It's not a lie necessarily but it's absolutely false advertising

[–] [email protected] -4 points 6 months ago* (last edited 6 months ago) (1 children)

From what I can tell that tag is from November.

Are you so detached from reality that you have no idea what people do in convenience stores?
No one is "publishing misinformation". It's a fcking price tag.

[–] [email protected] 6 points 6 months ago (1 children)

There are laws about this.

[–] [email protected] 11 points 6 months ago

I’ve been that employee at a busy grocery store. I was supposed to be one of three people who managed the tags. Due to a lack of funds, I was always the only one. Not fun.

[–] [email protected] 7 points 6 months ago

Hanlon's Razor is always in effect.

[–] Pika 4 points 6 months ago (1 children)

This actually happens more than you think, a lot of the information on the tags are very slow to be updated the only info they really care about on the tag is the end price. It's not just CVS it's most places.

[–] [email protected] 1 points 6 months ago

I watch things like this closely so yes you're right I do see it disturbingly often. The end price is not even always accurate, sometimes the weight is blatantly listed wrong. Even nutrition can be wrong. I saw two containers of pretzels side by side identical in every way but one was covered in salt and the other wasn't. Both were listed as the same amount of sodium content.

[–] [email protected] 2 points 6 months ago (1 children)

This is the kind of sleuthing that leads to the next Panama Papers.

[–] [email protected] 2 points 6 months ago