Less is more: 'Shrinkflation' hits grocery stores as companies reduce product sizes amid rising cost

https://www.foxbusiness.com/retail/...panies-reduce-product-sizes-amid-rising-costs

HYPERLINK has full story

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Americans are getting less for what they pay for at the grocery store as companies are shrinking their packaging to save money amid rising costs...................

"We get invoiced in and we still have to make a percentage in order to run a business, so it's passed on to the consumer."

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This is one time where I support the consequences of Democrat votes. For too long I have watched folks struggle as they push their shopping carts around stores. With less weight in each package, it will ease the burden of pushing the shopping cart.

Democrat votes have consequences

 

Go to McDonalds, see it for yourself...

 

Americans are fatter than ever and can use a little less product!

 

Do you specialize in getting everything wrong all the time?

Another Economics Fail. You're becoming quite good at that.

No company shrinks packaging "to save money."

The concept is called Price Elasticity, or more correctly, Price Elasticity of Demand.

Some items are Price Inelastic, meaning it doesn't matter what the price is, people will pay it, because there are no substitutes. Think insulin for people with Type I Diabetes.

Other items are highly Price Elastic. There are substitutes, and often many substitutes.

Raise the price on high end coffee, and people start buying the cheaper brands. Raise the price on ice cream and people start buying Eskimo Bars and Tastee-Freeze or other frozen treats, perhaps Sherbets or Frozen Yogurts.

Where I live there are local and regional meat packers that produce, among things, hot dogs. Hot dogs used to come 10 to a package, but even before Joe Hiden was President, they had reduced it to 8 hot dogs per package.

Raising prices does not automatically guarantee higher profits. It might provide higher revenues, but revenues and profits are not the same thing. You might get higher revenues and less profit, or lower revenues and less profit.

Reducing weight or number of servings is not a new phenomenon. It's been going on for decades.

The plastic molding process for peanut butter jars (and mayonnaise and others) allows the volume to be changed up or down in about 20 minutes. What used to be 16 ounces dropped to 15.5 ounces, then 15, then 14, then 12.5 and so on for a lot of items.

Marketing surveys show consumers would rather pay the same price and get slightly less, than pay higher prices.

Really? You don't say. That's been going on for at least 7,000 years, so why are so shocked?

This has nothing to do with politics. If Trump were President, the same thing would be happening.

People like you live in a fantasy world where you think everything happens with a mouse-click.

I have no idea how many oil wells were shut down to do low Demand for oil. All I know is it takes an oil service crew about 10-14 days working 10 hours a day to shut down the well, and the same to restart it.

There are many businesses that shut down, or reduced output. It's gonna take longer than 24 hours to get output back to pre-STUPID-19 levels.

Who shut down the economy? That was your governors, both Democrat and Republican.

And if Trump had the courage and common sense to close the borders to everyone, including Americans, you wouldn't be in this mess.

 

This **** has been going on for decades....seems you should know this.

https://www.latimes.com/archives/la-xpm-2008-nov-09-fi-shrink9-story.html

Objects in store are smaller than they appear

 

There's a good side to this. American's will be eating less junk food. Of course it would be better if the smaller portions were also healthier portions, but I guess that's asking too much from our corporations.

 

Ha Ha! Good one, "PRE-STUPID" And all those genius governors and their trotskyite-Stalinist health departments were unleashed by President Trump to destroy the livelhood of millions of people.

I remember when a generous sized chocolate bar with almonds was 5 cents. Then they started getting smaller and smaller, prices rose and rose again.

 

The shutdowns and other economic upsets were and continue to be global in nature. As for calling it STUPID-19, maybe that's a good name now that it's becoming a pandemic of the unvaccinated.

 

I noticed once that the slice of cheese on a McDouble was a lot smaller last year as I always open them up to pull the pickle off rather than grill order. I haven't had one in about a year so I am not sure where they are at now on that.

 

The breakfast sandwiches are the best indication of this. they seem miniaturized these days.

 

the good news that shopping carts can be made smaller and grocery bags won't be as heavy.

Democrat voters know what is best for all of us

 

Clearly, the NDP is tightly aligned with the CCP. Funny how that isn't more obvious to more folks.

 

Cheering on getting less for your $$$. Simply amazing.

 

At the same price as the bigger packages? So happy you actually "like" paying more for less goods.

 

CDC says roughly 4,100 people have been hospitalized or died with Covid breakthrough infections after vaccination

Hope ya don't get any bad side effects 5 years from now.

 

I simply adore paying more for less...what fascist, racist, sexist, homophobic, transphobic dog don't?

 

Maybe sooner, since they're gearing up to recommend a third shot.... and God only knows how many more after that.

 

"all those genius governors and their trotskyite-Stalinist health departments" All Democrats.......Trump isn't a Democrat.

 

McDonalds has both a McDouble and a Double Cheeseburger. But the only difference I see is the Double Cheeseburger has an extra slice of cheese and costs 50 cents more.

Here the McDouble is [or was ?] $2.05 [including tax.] But I can get a small can of pink salmon at Walmart for about that same price, I like Walmart's package of small buns [88 cents for eight.] One small can of salmon makes two sandwiches [using small Walmart buns.] I also like Walmart's Great Value brand of canned chicken. [small can 98 cents - so far] One small can of chicken mixed with a diced pickle, mayo and a little Lowry's seasonings [ie, chicken salad] also makes two sandwiches using small Walmart buns. Needless to say... I am stocking up on that canned salmon and chicken. They make tasty, easy, quick meals. If you run out of bread, use crackers.

.

 

If hamburger buns get any smaller they'll be finger food....

 

I thought everything on a bun was finger food

I prefer buns over plain bread.

I even use buns to make avocado toast... yummm

.

 

It was a joke and you and I likely agree on this issue. Personally, I buy organic, locally grown food from the farmers market. I almost never go to a supermarket.

 

They'll make it a yearly thing.

God knows... maybe the first two shots will make yearly booster shots necessary or you will self-destruct ?!

I'm glad I don't play their evil games.

Did you know... in Revelation 18:23 globalist Babylon deceives the world via her "sorceries"... but the Greek word translated "sorceries" in the KJV is "pharmakeia" which means DRUGS !! It's the same greek word from which we get our words, pharmaceuticals and pharmacy.

https://www.etymonline.com/word/pharmacy?ref=etymonline_crossreference

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I overstockpiled deviled ham last year. Getting through the last of it is a chore.

 

They keep claiming all these price increases are only "temporary" and don't really constitute inflation.

Well, I suppose we'll see about that.

I would bet large amounts of money that these price increases are not going to go back down.
(pun intended)

You can't run huge budget deficits without there being inflation. This is pretty basic economics, but many of those on the Left are denying that by pulling out their new economics theory of "MMT", which has become all the new fad now.