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Time To Do Something About Shrinkflation (Read 275 times)
whiteknight
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Time To Do Something About Shrinkflation
Sep 21st, 2024 at 11:53am
 
Shocking photo reveals popular KFC item shrinking over time as experts call for shrinkflation reform   Sad



News.com.au
September 21, 2024

Upsetting photos have highlighted a bizarre KFC item that appears to be the latest product to fall victim to shrinkflation.

Most KFC purchases are completed with the company’s wet wipe, tucked away in a small square package.

However, a photo posted to Facebook has revealed the KFC staple item has shrunk over the years, becoming a fraction of the size it once was.

“Looks like inflation has even hit the KFC wet wipes over the years,” one commented on Facebook.   Sad

“Remember when they were like a napkin, now they’re like medical swab. Wtf am I wiping with that,” another wrote.

It’s the latest item to be called out for “shrinkflation”, which is when the price of an item either increases or remains the same, while the size shrinks.

KFC wet wipes have shrunk over time.

RMIT marketing lecturer Fatima Madani explained shrinkflation is used as a way to manage costs without losing consumers, as increased prices will likely lead customers to buy a different product instead.

“It’s a very short term tactic, it won’t work in the long term,” Ms Madani said.

“It definitely affects (consumers) perception towards the company, it definitely reduces the trust.


“So the problem in the long term is the reduction in trust … and (consumers) might lose their interest in buying the product.”

Items including KitKat mini share packs, Rolo and Milo Duo cereal were all found to have shrunk by up to 17.6 per cent in size according to a list provided by Nestle during the Greens-led senate inquiry into supermarkets.

“In the context of an inflationary environment, we want our products to remain at an affordable price point within the context of a consumer’s total grocery budget, with the same quality ingredients and taste consumers prefer,” Nestle wrote in a letter to the inquiry.

“As the cost of making our products has gone up, in some instances we have decided to reduce the size rather than increase the price or compromise on quality.”

RMIT marketing lecturer Fatima Madani said shrinkflation is a 'short term' marketing tactic.

University of Technology associate professor Sanjoy Paul said shrinkflation is difficult to recognise.

However, University of Technology associate professor Sanjoy Paul said the instance of KFC wet wipes may not be particularly negative.

“KFC wipes I believe it’s not a bad thing in terms of sustainability,” Mr Paul said.

“If they still serve your purpose using a smaller size of wipes, that is good.

“But on the other hand, the shrinkflation in food, groceries and in other useful items … that is a bad one.”

Mr Paul said one of the biggest problems with shrinkflation is how difficult it is for consumers to identify.

“It’s hard to recognise, because how can you remember how so many things were before, and how it is now,” he said, noting packaging can be confusing.

“There is a big issue here in terms of identifying it, because sellers don’t inform customers very well and they don’t promote or advertise these kinds of changes.

“They don’t inform (consumers that the size has) been reduced, they don’t put any stickers, they don’t write in a bigger font … I would raise a question here how fair is this for general consumers when you don’t inform them well.”

Shrinkflation is when products shrink in size, but the price remains the same.

Mr Paul suggested companies put more information on packaging and websites about changes to the size and price of products, however he urged consumers to check unit prices and compare products and brands to ensure they get the best possible deal in the meantime.

“Consumers are the ultimate sufferers here because they are paying more and buying less,” he said.   Sad

The final report of the senate inquiry recommended supermarkets advertise shrinkflation.

“It is our view that supermarkets should begin voluntarily advertising shrinkflation so that pressure is placed on multinational producers who are ultimately responsible for the reduction in product size, and the increase in product cost,” the final report stated.

“An example of this would be a pink ticket displayed for 60 to 90 days when packaging size has changed.”

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whiteknight
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Re: Time To Do Something About Shrinkflation
Reply #1 - Sep 21st, 2024 at 11:55am
 
“Consumers are the ultimate sufferers here because they are paying more and buying less,” he said.   Sad
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Carl D
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Re: Time To Do Something About Shrinkflation
Reply #2 - Sep 21st, 2024 at 12:08pm
 
Yes, we noticed the Cottees jam we buy is now in smaller jars (for the same price).

The smaller jars also make it a bit more difficult to get a knife in them to get the jam out.

And, I've also noticed the Quilton toilet rolls we buy are now wrapped a lot looser on the cardboard tubes which means you get less sheets per roll even though the rolls appear to be the same size as before and, like the jam jars, the price hasn't been reduced.

Plus, they still need to fire or retrain whoever is responsible for glueing the start of the Quilton rolls... what a fustercluck. You sometimes have to waste half a dozen sheets pulling on it just to get the roll started.

Disgraceful and deceitful stuff.
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Re: Time To Do Something About Shrinkflation
Reply #3 - Sep 21st, 2024 at 1:47pm
 
Trumpophobia Obsessivitis.

Trump doesn't pack toilet rolls here...... must have cost a fortune to re-tool to cut the size of Turkish Delight bars... etc.... long term investment - tax deductible ... the joys of business...

Peccary - try sticking with the realities for the common folk.... the ordinary people.... live in the love of the common people ...

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greggerypeccary
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Re: Time To Do Something About Shrinkflation
Reply #4 - Sep 21st, 2024 at 1:53pm
 
Grappler Truth Teller Feller wrote on Sep 21st, 2024 at 1:47pm:
Trumpophobia Obsessivitis.

Trump doesn't pack toilet rolls here...... must have cost a fortune to re-tool to cut the size of Turkish Delight bars... etc.... long term investment - tax deductible ... the joys of business...

Peccary - try sticking with the realities for the common folk.... the ordinary people.... live in the love of the common people ...



Lol    Grin

Tell that to the rapist who doesn't understand that products come in different sizes.

...
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Bobby.
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Re: Time To Do Something About Shrinkflation
Reply #5 - Sep 21st, 2024 at 1:56pm
 
yes - as I posted in May 2023.

Shrinkflation - yesterday I bought some Rose's Marmalade -
the jar looked smaller than usual?
It cost $4.50 - the usual price.
When I got it home I compared it to an old previous empty jar.
It was smaller - it had gone from 500 grams to 375 grams:


...
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greggerypeccary
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Re: Time To Do Something About Shrinkflation
Reply #6 - Sep 21st, 2024 at 2:00pm
 
Bobby. wrote on Sep 21st, 2024 at 1:56pm:
yes - as I posted in May 2023.

Shrinkflation - yesterday I bought some Rose's Marmalade -
the jar looked smaller than usual?
It cost $4.50 - the usual price.
When I got it home I compared it to an old previous empty jar.
It was smaller - it had gone from 500 grams to 375 grams:


https://media.gab.com/system/media_attachments/files/138/494/641/original/ab6769...


So, the jar is clearly marked "375 grams".

You know exactly what you're buying.

I don't see the problem.

If it said "500 grams", or didn't show the weight at all, I'd share your concern.

However, this product is clearly labeled - if you think it's too expensive don't buy it.

Simple.
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Bobby.
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Re: Time To Do Something About Shrinkflation
Reply #7 - Sep 21st, 2024 at 2:04pm
 
greggerypeccary wrote on Sep 21st, 2024 at 2:00pm:
Bobby. wrote on Sep 21st, 2024 at 1:56pm:
yes - as I posted in May 2023.

Shrinkflation - yesterday I bought some Rose's Marmalade -
the jar looked smaller than usual?
It cost $4.50 - the usual price.
When I got it home I compared it to an old previous empty jar.
It was smaller - it had gone from 500 grams to 375 grams:


https://media.gab.com/system/media_attachments/files/138/494/641/original/ab6769...


So, the jar is clearly marked "375 grams".

You know exactly what you're buying.

I don't see the problem.

If it said "500 grams", or didn't show the weight at all, I'd share your concern.

However, this product is clearly labeled - if you think it's too expensive don't buy it.

Simple.



I still buy it because their other Marmalade jams are awful.

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greggerypeccary
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Re: Time To Do Something About Shrinkflation
Reply #8 - Sep 21st, 2024 at 2:10pm
 
Bobby. wrote on Sep 21st, 2024 at 2:04pm:
greggerypeccary wrote on Sep 21st, 2024 at 2:00pm:
Bobby. wrote on Sep 21st, 2024 at 1:56pm:
yes - as I posted in May 2023.

Shrinkflation - yesterday I bought some Rose's Marmalade -
the jar looked smaller than usual?
It cost $4.50 - the usual price.
When I got it home I compared it to an old previous empty jar.
It was smaller - it had gone from 500 grams to 375 grams:


https://media.gab.com/system/media_attachments/files/138/494/641/original/ab6769...


So, the jar is clearly marked "375 grams".

You know exactly what you're buying.

I don't see the problem.

If it said "500 grams", or didn't show the weight at all, I'd share your concern.

However, this product is clearly labeled - if you think it's too expensive don't buy it.

Simple.



I still buy it because their other Marmalade jams are awful.



Well, there you go.

And the prices of things go up - that's a fact of life.

I just don't get the outrage over shrinkflation - in many cases I think it's a good thing.

One example:

- a parent gives their child $2 (only $2 - they're on a strict budget) every Sunday to go to the corner milk bar (yeah, I'm old and I lived in Balmain, Sydney - we had milk bars) and buy a chocolate bar.

- the chocolate company reduces the size of the $2 chocolate bar from 100 grams to 85 grams.

- the kid still gets the $2 every Sunday, he still gets his fix of chocolate, but not quite as much, and the parents don't have to blow their budget.  That's a good thing.
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Bobby.
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Re: Time To Do Something About Shrinkflation
Reply #9 - Sep 21st, 2024 at 2:22pm
 
greggerypeccary wrote on Sep 21st, 2024 at 2:10pm:
Well, there you go.

And the prices of things go up - that's a fact of life.

I just don't get the outrage over shrinkflation - in many cases I think it's a good thing.

One example:

- a parent gives their child $2 (only $2 - they're on a strict budget) every Sunday to go to the corner milk bar (yeah, I'm old and I lived in Balmain, Sydney - we had milk bars) and buy a chocolate bar.

- the chocolate company reduces the size of the $2 chocolate bar from 100 grams to 85 grams.

- the kid still gets the $2 every Sunday, he still gets his fix of chocolate, but not quite as much, and the parents don't have to blow their budget.  That's a good thing.



Well well Greggy,
I bet you were a fat guts of a kid - always with chocolate bar in your gob
and chocolate smeared on your face.   Grin
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greggerypeccary
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Re: Time To Do Something About Shrinkflation
Reply #10 - Sep 21st, 2024 at 2:25pm
 
Bobby. wrote on Sep 21st, 2024 at 2:22pm:
greggerypeccary wrote on Sep 21st, 2024 at 2:10pm:
Well, there you go.

And the prices of things go up - that's a fact of life.

I just don't get the outrage over shrinkflation - in many cases I think it's a good thing.

One example:

- a parent gives their child $2 (only $2 - they're on a strict budget) every Sunday to go to the corner milk bar (yeah, I'm old and I lived in Balmain, Sydney - we had milk bars) and buy a chocolate bar.

- the chocolate company reduces the size of the $2 chocolate bar from 100 grams to 85 grams.

- the kid still gets the $2 every Sunday, he still gets his fix of chocolate, but not quite as much, and the parents don't have to blow their budget.  That's a good thing.



Well well Greggy,
I bet you were a fat guts of a kid - always with chocolate bar in your gob
and chocolate smeared on your face.   Grin


Stop whinging about shrinkflation.

Prices go up - learn to live with it.

You might just have to have a little less Dijon mustard on your cucumber salad at 4pm.

You'll live.
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Bobby.
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Re: Time To Do Something About Shrinkflation
Reply #11 - Sep 21st, 2024 at 2:52pm
 
greggerypeccary wrote on Sep 21st, 2024 at 2:25pm:
Stop whinging about shrinkflation.

Prices go up - learn to live with it.

You might just have to have a little less Dijon mustard on your cucumber salad at 4pm.

You'll live.



Dear Greggy,
you would do well to have some Dijon mustard every day like I usually do.
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greggerypeccary
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Re: Time To Do Something About Shrinkflation
Reply #12 - Sep 21st, 2024 at 3:02pm
 
Bobby. wrote on Sep 21st, 2024 at 2:52pm:
greggerypeccary wrote on Sep 21st, 2024 at 2:25pm:
Stop whinging about shrinkflation.

Prices go up - learn to live with it.

You might just have to have a little less Dijon mustard on your cucumber salad at 4pm.

You'll live.



Dear Greggy,
you would do well to have some Dijon mustard every day like I usually do.


I prefer Hot English.

Occasionally I'll have Dijon on a pork chop though.

With fennel seeds.

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Re: Time To Do Something About Shrinkflation
Reply #13 - Sep 21st, 2024 at 6:04pm
 
Bobby. wrote on Sep 21st, 2024 at 1:56pm:
yes - as I posted in May 2023.

Shrinkflation - yesterday I bought some Rose's Marmalade -
the jar looked smaller than usual?
It cost $4.50 - the usual price.
When I got it home I compared it to an old previous empty jar.
It was smaller - it had gone from 500 grams to 375 grams:


https://media.gab.com/system/media_attachments/files/138/494/641/original/ab6769...


I'll vouch for that - I keep the jars for things like passion fruit butter and such.  Nice jars.
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Re: Time To Do Something About Shrinkflation
Reply #14 - Sep 21st, 2024 at 6:05pm
 
greggerypeccary wrote on Sep 21st, 2024 at 3:02pm:
Bobby. wrote on Sep 21st, 2024 at 2:52pm:
greggerypeccary wrote on Sep 21st, 2024 at 2:25pm:
Stop whinging about shrinkflation.

Prices go up - learn to live with it.

You might just have to have a little less Dijon mustard on your cucumber salad at 4pm.

You'll live.



Dear Greggy,
you would do well to have some Dijon mustard every day like I usually do.


I prefer Hot English.

Occasionally I'll have Dijon on a pork chop though.

With fennel seeds.



Leave your French poofs out of it...
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
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