Korea pushing to require shrinkflation signs on products for downsizing
The finance ministry said Wednesday the government will push to make it mandatory for companies to put shrinkflation warning signs on their products if they reduce packet contents without a price fall to match.
There should be a label whenever they change ingredients as well. Right now, you could sell a product for years, change up the ingredients, and keep calling it the same thing. This is especially true to alcohol products, but food products do it too.
Even Hershey kisses are smaller than they used to be.
Like consumers didn’t notice the packages shrinking and the prices inflating?
I purchased Christmas paper plates this year for my annual pizza night/wrap session. Same brand, same style from the same company. They looked smaller. I went to an old stash I kept from last year that I was using for cookie plates for friends and neighbors. Sure enough they were at least an inch and 1/2 smaller! Plus I payed almost $3.00 more for the stack this year! Just wanted something festive but I got burned. I'll use them but I won't buy the same for 2024.
Product shrinkage been happening in US for over 20 years.