Lemmy.ca

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Lemmy.ca is run by Canadians, hosted in Canada, and geared toward Canadians. However, it is not restricted to Canadians, or Canadian culture/topics/etc. All are welcome!

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spoiler ::: tag for NSFW images, and put a NSFW mention beside links. Do not use NSFW images as your avatar or banner. :::
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A community to discuss Shrinkflation (lemmy.ca)
 
 

I created this community as shrinkflation is getting really bad in Canada, especially in grocery stores.

This community is probably going to lean towards being Canada-centric, but shrinkflation posts from all over are welcome!

Shrinkflation is defined as a reduction in size or quality of a product, for a same or higher price for a given quantity.

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.

[...]

Shrinkflation allows companies to increase their operating margin and profitability by reducing costs whilst maintaining sales volume, and is often used as an alternative to raising prices in line with inflation. Consumer protection groups are critical of the practice.

Shrinkflation is a rise in the general price level of goods per unit of weight or volume, brought about by a reduction in the weight or size of the item sold. The price for one piece of the packaged product remains the same or could even be raised. This sometimes does not affect inflation measures such as the consumer price index or Retail Price Index, i.e. it might not increase in the cost of a basket of retail goods and services, but many indicators of price levels and thus inflation are linked to units of volume or weight of products, so that shrinkflation also affects the statistically represented inflation figures.

2
22
A community to discuss Shrinkflation (lemmy.ca)
 
 

I created this community as shrinkflation is getting really bad in Canada, especially in grocery stores.

This community is probably going to lean towards being Canada-centric, but shrinkflation posts from all over are welcome!

Shrinkflation is defined as a reduction in size or quality of a product, for a same or higher price for a given quantity.

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.

[...]

Shrinkflation allows companies to increase their operating margin and profitability by reducing costs whilst maintaining sales volume, and is often used as an alternative to raising prices in line with inflation. Consumer protection groups are critical of the practice.

Shrinkflation is a rise in the general price level of goods per unit of weight or volume, brought about by a reduction in the weight or size of the item sold. The price for one piece of the packaged product remains the same or could even be raised. This sometimes does not affect inflation measures such as the consumer price index or Retail Price Index, i.e. it might not increase in the cost of a basket of retail goods and services, but many indicators of price levels and thus inflation are linked to units of volume or weight of products, so that shrinkflation also affects the statistically represented inflation figures.

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