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So is shrinkflation actually included in official inflation numbers? If all bars of soap in the country become smaller by 10%, does 'official' inflation number go up? Are the folks tracking official inflation index equipped to measure all the various products per kilo, etc?
Earlier quoted context omitted.
https://www.who.int/news-room/fact-sheets/detail/obesity-and... >In 2016, more than 1.9 billion adults, 18 years and older, were overweight. Of these over 650 million were obese. >39% of adults aged 18 years and over were overweight in 2016, and 13% were obese. https://www.who.int/news/item/06-07-2022-un-report--global-h... >The number of people affected by hunger globally rose to as many as 828 million in 2021 I wou…
What wonder, we've nearly conquered hunger if obesity has finally become more prevalent than starvation. I stand corrected. Nonetheless, starvation is more directly harmful/deadly. Obesity may kill you eventually, starvation will kill you in relatively short order.
Price increases in healthy lentils, grains, nuts, fruits, vegetables, dairy, and healthier meats/poultry/fish is a concern for the global poor, but that is not what is talked about here.
If you are an indie maker and priced your product at $10 in 2020, you're now effectively making $8.38 USD[1]. Assuming inflation will remain elevated and you want to maintain the same margins, you need to either:
1. increase prices
2. reduce quality/quantity/features
3. reduce supplier costs
4. reduce service costs
Customers are very sensitive to increases in prices. This is a case where none of the options are great.
Would be nice to have the actual owning organisations in there. i bet these are largely subsidiaries of the same mother company.
I remember using this app[0] on my phone years ago, I just checked and they have an API. I'm not sure, but if I recall correctly this allowed you to scan barcodes of things and warn you if they are sub-brand or subsidiary of [evil company you wish to avoid]. [0] https://www.buycott.com/api
In a high-inflation environment your profits are constantly shrinking. The problem also affects small and independent makers of all kinds. If you are an indie maker and priced your product at $10 in 2020, you're now effectively making $8.38 USD[1]. Assuming inflation will remain elevated and you want to maintain the same margins, you need to either: 1. increase prices 2. reduce quality/quantity/features 3. reduce sup…
if companies were honest, they'd put"29% less, but the same price! Inflation, you know?", and more-informed consumers could make more-informed choices
indeed, "Customers are very sensitive to increases in prices" is a nicer way of saying "shrinkflation makes it easier to hide from consumers that they are receiving less value for their money"
Thank you for this site, if the author is here, it's something I felt we needed to make markets more informed and more efficient. I'll be submitting content.
The idea is nice, but it seems to be tracking junk food, which you probably shouldn't eat and can easily avoid. I'd be more interested in home goods such as soap, detergent; and food staples.