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No, you’re not going crazy

It is inflation you should not see.From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without reducing prices. It is nicknamed “shrinkflation,” and it is global in scope. In the United States, a small box of Kleenex now contains 60 tissues; a few months ago, it was 65. Chobani Flips yogurts fell from 5.3 ounces to 4.5 ounces. In the UK, Nestle has reduced Nescafe Azera Americano coffee cans from 100 grams to 90 grams. In India, Vim food soap has dropped from 155 grams to 135 grams. But it is spreading at a time of rising commodity prices as companies struggle to keep up with rising prices, packaging, labor and transportation. Global consumer price inflation rose 7% in May, a rate that could continue until September, according to S&P Global. Edgar Dworsky, a consumer consultant and former assistant attorney general in Massachusetts who has written a review on his World of Consumers website for many years. He can give many examples, from the toilet paper of the Cottonelle Ultra Clean Care, which has dropped from 340 sheets per roll to 312, to Folgers coffee, which has reduced its size from 51 ounces to 43.5 oz but still so he said he would reach 400 cups. (Folgers says it uses new technology that results in heavier beans.) Dworsky says the slowdown in manufacturing growth because they know customers will notice inflation but will not keep an eye on the balance sheet. net or small data, such as the number of sheets on. toilet paper roll. Companies can also use strategies to draw attention away from downtime, such as marking small packets with new bright labels that draw the eyes of shoppers. This is what Fritos did. Fritos Scoops bags marked “Party Size” are 18 ounces; some are still on sale at a grocery store in Texas. But almost every major chain now sells “Party Size” Fritos Scoops which cost 15.5 ounces – and more expensive. PepsiCo did not respond when asked about Fritos. But he acknowledged the shortcomings of Gatorade bottles. The company has recently started exporting 32 bottles of oysters, which will be delivered to 28 bottles, which are placed in the center for easy handling. The change has been in the works for years and has nothing to do with the current economic climate, PepsiCo said. But he did not answer when asked why the 28-inch type was more expensive. Also, Kimberly-Clark – which makes both Cottonelle and Kleenex – did not respond to requests for comment on package size. Proctor & Gamble Co. did not answer when asked about Pantene Pro-V Curl Perfection conditioner, which has dropped from 12 ounces to 10.4 ounces of water but still costs $ 3.99. The World’s Best Daytime Restaurant went from eight bars per box to seven, but the price listed in most stores was $ 3.69. Hain Celestial Group, the brand, did not respond to a request for comment. Some companies are very open about change. In Japan, snack maker Calbee Inc. announced a 10% reduction – and a 10% increase in prices – for most of its products in May, including a piece of veggie and crispy edamame. The company blamed rising inflation.Domino’s Pizza announced in January that it was reducing the size of its 10 chicken wings to eight at a price of $ 7.99. Domino’s gives an example of rising chicken prices. In India, “ground-switching” – sometimes declining – is usually practiced in rural areas, where people are poorer and more expensive, said Byas Anand, head of communications at Dabur India. business care for food consumers. In cities, companies only increase prices. “My company has been doing this openly for years,” Anand said. Some customers who have noticed the decline share examples on social media. Others say falling inflation is causing them to change their shopping habits.Alex Aspacher is shopping a large grocery store for his family of four in Haskins, Ohio. He noticed when a pack of pounds of Swiss cheese was cut he used to buy a small one for 12 ounces but kept the mark at $ 9.99. Now, he hunts for a trade or buys a brick of cheese and cuts it himself.Aspacher says he knows the price will go up when he first reads about the extra pay for the soup makers. But the rapid pace of change – and the pack of reductions – surprised him. “It has been planned up to a degree, but there are no limits yet,” Aspacher said. “I hope we get this roof soon.” Sometimes the weather can be reversed. As inflation eases, competition may force manufacturers to lower their prices or re-launch large packages. But Dworsky says that once the product is small, it often stops. Hitendra Chaturvedi, a professor of supply chain management at WP Carey Business School of Arizona State University, said there is no doubt that many companies are struggling with low workload and high cost of natural resources. But in some cases, corporate profits – or sales that reduce the cost of doing business – also increase significantly, and Chaturvedi finds it worrying. bar in the UK without lowering the price. The company’s revenue rose 21% in 2021, but fell 15% in the first quarter as price pressures increased. In comparison, PepsiCo’s operating profit rose 11% in 2021 and 128% in the first quarter. “I’m not saying they are profitable, but it smells,” Chaturvedi said. “Are we using the problems of wealth as a weapon to make more money?” ___ AP writers Ashok Sharma in Delhi and Kelvin Chan in London contribute.

It is inflation that you will not see.

From toilet paper to yogurt and coffee to cornstarch, manufacturers are quietly reducing packet size without reducing prices. It is nicknamed “shrinkflation,” and it expands the world.

In the United States, a small box of Kleenex now contains 60 tissues; a few months ago, it was 65. Chobani Flips yogurts fell from 5.3 ounces to 4.5 ounces. In the UK, Nestle has reduced Nescafe Azera Americano coffee cans from 100 grams to 90 grams. In India, Vim food soap has dropped from 155 grams to 135 grams.

Depression is not new, experts say. But it is spreading at a time of rising commodity prices as companies struggle to keep up with rising prices, packaging, labor and transportation. Global consumer prices are projected to rise by 7% in May, a rate that could continue through September, according to S&P Global.

“It’s coming in waves. We’ve been in turmoil right now because of inflation,” said Edgar Dworsky, a consumer consultant and former assistant attorney general in Massachusetts who wrote the reduction on the website. set of global users for many years.

Dworsky began to notice small boxes in the grain path at the end of the sunset, and the decline arose from there. He can give many examples, from the toilet paper of the Cottonelle Ultra Clean Care, which has dropped from 340 sheets per roll to 312, to Folgers coffee, which has reduced its size from 51 ounces to 43.5 oz but still so he said he would reach 400 cups. (Folgers say he uses new technology to produce heavy beans.)

Dworsky said shrinkflation is attracting manufacturers because they know customers will notice inflation but will not keep track of weights or small data, such as the number of sheets on the toilet paper roll. . Companies can also use strategies to attract attention from downtime, such as marking small packets with new bright labels that draw the eyes of shoppers.

This is what Fritos did. Fritos Scoops bags marked “Party Size” are 18 ounces; some are still on sale at a grocery store in Texas. But almost every major chain now sells “Party Size” Fritos Scoops which is 15.5 ounces – and more expensive.

PepsiCo did not respond when asked about Fritos. But he acknowledged the shortcomings of Gatorade bottles. The company has recently started exporting 32 bottles of oysters, which will be delivered to 28 bottles, which are placed in the center for easy handling. The change has been in the works for years and has nothing to do with the current economic climate, PepsiCo said. But he did not answer when asked why the 28-inch version was more expensive.

Also, Kimberly-Clark – who makes both Cottonelle and Kleenex – did not respond to requests for comment on package size reduction. Proctor & Gamble Co. did not answer when asked about Pantene Pro-V Curl Perfection conditioner, which has dropped from 12 ounces to 10.4 ounces of water but still costs $ 3.99.

The World’s Best Daytime Restaurant went from eight bars per box to seven, but the price listed in most stores was $ 3.69. Hain Celestial Group, the brand, did not respond to a request for comment.

Some companies are easy on the changes. In Japan, snack maker Calbee Inc. announced a 10% reduction – and a 10% increase in prices – for most of its products in May, including a piece of veggie and crispy edamame. The company is responsible for rising consumer prices.

Domino’s Pizza announced in January that it was cutting the size of 10 to 8 chicken wings at the same price point for $ 7.99. Domino’s gives an example of rising chicken prices.

In India, “land-shifting” – sometimes declining – is usually practiced in rural areas, where people are poorer and more expensive, says Byas Anand, head of Dabur India’s corporate communications, consumer and business management food. In cities, companies only raise prices.

“My company has been doing this openly for years,” Anand said.

Some customers who have noticed the decline share examples on social media. Others say falling inflation has led them to change their shopping habits.

Alex Aspacher does extensive shopping and catering for his family of four in Haskins, Ohio. He noticed when a pack of pounds of Swiss cheese was cut he used to buy a small one for 12 ounces but kept the mark at $ 9.99. Now, he hunts for bargains or buys cheese and cuts himself.

Aspacher said he knew prices would rise when he first read about rising wages for consumer workers. But the rapid pace of change – and the pack of reductions – surprised him.

“I was prepared for the degree, but there is no limit so far,” Aspacher said. “I hope we get this roof soon.”

Sometimes the weather can be reversed. As inflation eases, competition may force manufacturers to lower their prices or re-launch large packages. But Dworsky says that once the product is small, it often stops.

“Upsizing is a difficult form,” he said.

Hitendra Chaturvedi, professor of supply chain management at WP Carey Business School of Arizona State University, said there is no doubt that many companies are struggling with staff shortages and high consumer prices.

But in some cases, corporate profits – or commercialized discounts – are also rising sharply, and Chaturvedi sees it as worrying.

He pointed to Mondelez International, which took a bit of heat this summer due to the declining size of the Cadbury dairy bar in the UK without lowering prices. The company’s revenue rose 21% in 2021, but fell 15% in the first quarter as price pressures increased. In comparison, PepsiCo’s operating profit rose 11% in 2021 and 128% in the first quarter.

“I’m not saying they make a profit, but it smells good,” Chaturvedi said. “Are we using the problems of wealth as a weapon to make more money?”

___

AP writers Ashok Sharma in Delhi and Kelvin Chan in London contributed.

No, you’re not going crazy Source link No, you’re not going crazy

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