Shrinkflation
What is inflation?
What is shrinkflation?
inflation: prices of many goods increase in the economy
shrinkflation: the size of goods decrease but the price remains the same
Do you know any examples of shrinkflation?
Can you explain what has happened to these goods…
Why do companies do this?
How do you feel about the changes?
Umaibo reduced it’s size = Umaibo shrank
Cheerios reduced the amount of cereal but increased the box size. Why?
Toberlone reduced the amount of chocolate by making a bigger space between each triangle
Kirkland used less sheets of toilet paper in each roll
Cadbury’s rounded the edges to reduce the weight by 10% in 2013
Which of these changes made people the most FURIOUS?
Toblerone, which makes distinctively triangular chocolate bars. In 2014 it reduced the weight of its bars by 25% by adding more space between each piece – but reversed the decision two years later after public outcry.
What products have DECREASED in price over the last 20 years?
Why have prices of these goods decreased?
Milk
Ice Cream
Audio / Visual / Computing equipment
Women’s clothes
Cars
Sources:
https://thenewdaily.com.au/finance/your-budget/2019/04/30/the-26-everyday-items-that-have-got-cheaper-over-the-last-decade/