I honestly wish they did this in the UK. It makes it so hard to budget for a family of 5 when products suddenly reduce in size by 20%.
Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
501–510 of 535 posts
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#502I honestly wish they did this in the UK. It makes it so hard to budget for a family of 5 when products suddenly reduce in size by 20%.
IME not only does the size reduce by 20%, but the price also increases by 10-75%....
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#503In France near every price also small LCD display that show price for kilogram or liter. Which also help to fight with companies that like to create idiotic packages.
Yes and it is always worth paying attention to as often items on some kind of offer and so advertised within the store may not be the best value possible for the item.
Toilet rolls are a great example. Sometimes you see the 24 pack "on sale" or "buy one get one half price" yet the cost per roll (unit) is higher than if you were to buy a 16 pack. Yes you would have less overall toilet rolls and that may be an issue for you but you are paying less per toilet roll.
Laundry detergent is another common one. Look at the price per litre of the item "on sale" and compare it to the not on sale sizes/packs as well.
People generally/instinctively expect/feel that if you buy the bigger pack you get a better deal and the companies certainly make you feel that is true but you have to pay attention as more often than not the best deal isn't the deal they're promoting.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#504In France near every price also small LCD display that show price for kilogram or liter. Which also help to fight with companies that like to create idiotic packages.
You see this in UK and Germany too, I thought it's a European requirement.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#505In France near every price also small LCD display that show price for kilogram or liter. Which also help to fight with companies that like to create idiotic packages.
Yes and it is always worth paying attention to as often items on some kind of offer and so advertised within the store may not be the best value possible for the item. Toilet rolls are a great example. Sometimes you see the 24 pack "on sale" or "buy one get one half price" yet the cost per roll (unit) is higher than if you were to buy a 16 pack. Yes you would have less overall toilet rolls and that may be an issue fo…
I knew someone who worked for Saintsbury's (UK supermarket) & they said 4 wins before xmas runs of roses chocolates went on the shelves at £10 each, and they expected to sell none until 2 weeks before xmas when they cut the price to £5 and advertised 50% off. Apparently this is (or was at the time?) normal industry behaviour.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#506Earlier quoted context omitted.
Yes and it is always worth paying attention to as often items on some kind of offer and so advertised within the store may not be the best value possible for the item. Toilet rolls are a great example. Sometimes you see the 24 pack "on sale" or "buy one get one half price" yet the cost per roll (unit) is higher than if you were to buy a 16 pack. Yes you would have less overall toilet rolls and that may be an issue fo…
I knew someone who worked for Saintsbury's (UK supermarket) & they said 4 wins before xmas runs of roses chocolates went on the shelves at £10 each, and they expected to sell none until 2 weeks before xmas when they cut the price to £5 and advertised 50% off. Apparently this is (or was at the time?) normal industry behaviour.
Oh yes price increases before planned "sales" are common. I believe there are laws in the UK/EU regarding time frames an item has to be at a certain price before you can say it is "on sale". Something like 28 days sounds familiar so doubling the price of an item that doesn't sell much and having limited (or none?) of the item in stock then dropping it to usual price and calling "half price" no doubt happens constantly with seasonal items like Cadbury Roses.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#507Earlier quoted context omitted.
How many of these burger joints own the building they operate in? This is a very shallow look at economic forces. And ignores some of the bigger squeezes happening. The number of landlords continues to decline as real estate is consolidated in fewer hands. And worse, the number of landlords that abdicate their roles to real estate management companies grows every year, and the percentage of properties in an area run…
>How many of these burger joints own the building they operate in? Roughly half. Nearly all of the locally owned ones. >Inflation was a huge problem 10 years ago. It’s why I stopped renting. No it wasn’t. At least not by any quantitative measures.
Rental prices and estate prices have been rising since at least 2010. So much longer than 10 years, but the prices have not risen commensurate to this with a multiplier like they did lately.
So, the inflation story is most certainly a lie. The businesses started to charge more because they had an excuse in (a minor) supply shock and fuel price rises. But it's just that, an excuse. Worst case pure inflation is about 10% while the increases are... a lot. Especially in some sectors.
The situation is "so bad" for some corporations they're instituting stock buybacks. :) So stockholders are getting rich.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#508Earlier quoted context omitted.
If this is true, why are inflationary periods relatively rare?
Rare for whom? At any point in time this is happening in many countries around the world. I don't see how the frequency changes my assertion though. That's the regular boom/bust cycle from capitalism. There are many theories on why that happens but the fact is: they happen.
Well were it even a cycle. It's an even increasing oscillation until it explodes and corrective action is taken.
I hope this time it will be corrected... permanently.
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#509Earlier quoted context omitted.
Imagine you buy for X, and sell to some supermarket for Y, and they pay you in T time. Optimum Y is not related to X, but the price when you replace the stock. ( let's say X2 ) When supply has problems, or economy is unpredictable, it is harder to predict X2, so usually your estimation is a bit off. So you have to have bigger margin to cover for this estimation error. ( assume the worst )
So they increase margin to cover for uncertainty and incorrect estimations. And in case the original estimations were right, the higher profit is just unintended consequence.
Since it's not market optimal, after they note the extra profit, why don't they lower the prices or hire more workforce or expand?
Or at least share the windfall with employees indirectly boosting the economy total, including their own position?
(Yes, equilibrium economics is a joke even when law of big numbers is involved.)
Re: Carrefour puts ‘shrinkflation’ price warnings on food to shame brands
#510Earlier quoted context omitted.
Maybe the person I replied to is a woman. I have a female coworker and she tells me her boyfriend is the playing the homemaker role. My wife almost never lets me cook or do the dishes. I could help worded my post differently but decided I would rather attract some downvotes and maybe have some fun with comments like yours. Edit: your profile is so much fun. Is that Serbian?
It’s more on the Croatian side, but the languages are basically the same. Yes, but I guess the neutral spirit of your comment is just “Things are getting out of hand so maybe we should all just cook for ourselves”
Things were always going to end like this. Maybe do the practical thing and get a mate. Not feeding a bag of giant asshole middlemen is just a bonus for you and everyone else.