Supermarket slaps ‘shrinkflation’ warnings on products
STORY: France's Carrefour has added warnings to products it says
have shrunk in size but cost more even as prices have eased
It's a move to rally support and pressure Nestle, PepsiCo
and Unilever to reduce price inflation ahead of contract talks
The warnings read:
"This product has seen its volume or weight
fall and the effective price by the supplier rise"
For example, Carrefour says using a smaller bottle
for certain Lipton iced tea products made by PepsiCo
resulted in a 40% effective increase in the price per liter
Carrefour's CEO has said companies are not cooperating
in cutting the price of thousands of staples
Consumer groups say "shrinkflation" is a widespread practice
which supermarkets like Carrefour are also
guilty of in their private-label products