‘Shrinkflation’ hits consumers worldwide – AP ...News

Russia Today - Economy
‘Shrinkflation’ hits consumers worldwide – AP
source : Russia Today ( News ) () 1
Companies say they are forced to downsize their products due to rising commodity, energy and labor costs Global manufacturers have been quietly shrinking their products lately without lowering prices. So-called “shrinkflation,” occurs when companies pass their costs on to customers, and it’s accelerating worldwide, The Associated Press reported Wednesday. In the US, a small box of Kleenex now has 60 tissues while a few months ago it had 65. The size of yogurts has also shrunk. In Britain, Nestle reduced its Nescafe Azera Americano coffee tins from 100 grams to 90 grams. In India, a bar of Vim dish soap has shrunk

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