this post was submitted on 19 Feb 2024
5 points (100.0% liked)

Shrinkflation

289 readers
1 users here now

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.##

founded 10 months ago
MODERATORS
 
top 8 comments
sorted by: hot top controversial new old
[–] WarmSoda@lemm.ee 0 points 9 months ago (1 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.

[–] zoostation@lemmy.world 0 points 9 months ago (1 children)

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

[–] WarmSoda@lemm.ee 0 points 9 months ago* (last edited 9 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.

[–] zoostation@lemmy.world 0 points 9 months ago (1 children)

There are laws about this.

[–] WarmSoda@lemm.ee 0 points 9 months ago (2 children)

Let me ask you, what do you do after you take a picture of the incorrect tag?

[–] 4am@lemm.ee -1 points 9 months ago

Nah, you’re right, they should just never be called out and we should be grateful for their business at all right? Fuck outta here

[–] zoostation@lemmy.world -1 points 9 months ago (1 children)

Post about it on a small corner of the internet where people ostensibly care about predatory pricing issues, go back about my day, then apparently come back here and answer a bunch of weird meta questions about a post that was actually very simple.

[–] WarmSoda@lemm.ee 1 points 9 months ago

I was afraid you went Karen about it in the store, that's why I asked. Glad you didn't.

Understanding simple every day things is not "weird meta" though.