NPR on Nostr: How to fight shrinkflation? Pay attention to unit prices at grocery stores ========== ...
How to fight shrinkflation? Pay attention to unit prices at grocery stores
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Shrinkflation is a form of inflation where companies shrink the amount of stuff they provide in packages. To combat shrinkflation, consumers can pay attention to unit prices at grocery stores. Unit prices provide a standardized measure that makes it easier to compare the value of different package sizes. While some states have enacted unit pricing laws, many stores still do not display unit prices. Consumers can calculate the unit price themselves by dividing the total price by the amount in the package. The Food Marketing Institute found that 78% of consumers use unit prices if they're displayed. New Jersey recently fined Walmart over $1.5 million for inaccuracies in displayed unit prices. Bringing a calculator or using a smartphone can help calculate unit prices if they're not displayed. Alternatively, consumers can advocate for policies that encourage stores to post unit prices.
#Shrinkflation #UnitPrices #GroceryStores #Inflation #Consumer #Pricing
https://www.npr.org/sections/planet-money/2024/07/09/g-s1-8534/shrinkflation-inflation-price-consumers-law
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Shrinkflation is a form of inflation where companies shrink the amount of stuff they provide in packages. To combat shrinkflation, consumers can pay attention to unit prices at grocery stores. Unit prices provide a standardized measure that makes it easier to compare the value of different package sizes. While some states have enacted unit pricing laws, many stores still do not display unit prices. Consumers can calculate the unit price themselves by dividing the total price by the amount in the package. The Food Marketing Institute found that 78% of consumers use unit prices if they're displayed. New Jersey recently fined Walmart over $1.5 million for inaccuracies in displayed unit prices. Bringing a calculator or using a smartphone can help calculate unit prices if they're not displayed. Alternatively, consumers can advocate for policies that encourage stores to post unit prices.
#Shrinkflation #UnitPrices #GroceryStores #Inflation #Consumer #Pricing
https://www.npr.org/sections/planet-money/2024/07/09/g-s1-8534/shrinkflation-inflation-price-consumers-law