At this point I just stopped buying chips. Feels like such a waste to fill the bag less than half way...
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Care for a modest proposal?
I don't think this is the right way to go. Mandatory "compare prices" to be displayed with the same, or better, viability as the price is much better. That way the consumer immediately sees that the price went up since last week. What it also brings is the opportunity to compare which one of two sizes of the same product is a better deal.
It really needs to be weight/price or size/price then. The way this sounds in the article the producers just also need to change price a little to avoid getting that sign. Per weight or size that might still end up more expensive for the consumer.
In the US grocery stores are required to list the cost per weight. It mostly works, unless one of the manufacturers decides to show the price in grams or kilograms, as opposed to oz or pounds.
Really we just need to standardize sizes for consumer goods. For example: drinks can come in 250, 500, 750, 1000, and 2000 mL sizes. Sold soap must be sold in units of 100, 500, or 1000 grams. And so on...
We used to have standardized package sizes in the EU for things like butter, chocolate, etc. So stupid to give that up
I guarantee it's because of neoliberals and conservatives trying to emulate The US.
It was in the name of customer convenience and individualism of course. Think of the singles!
Greed is now baked into capitalism. Morals and ethics be damned, squeeze and squeeze and see what the market and consumer will bear. So what if much of the population is struggling economically, and more have been thrown into outright poverty. And that record number of people are homeless and sleeping rough.
Consolidation and deregulation always benefits the few over the many, all the while claiming it will be beneficial to consumers. I'm always amused by the religious folks who defend free market greed as though God is a cruel, exploitive being who's big on dog-eat-dog capitalism.
Margin expansion under the guise/cover of inflation should be criminal.
What I would love to see one day is the margin pocketed for every product sold on display next to the price tag.
Retailers could have chosen to eat these higher costs and weather lower profit margins, but instead, the FTC found that on aggregate retailers passed all higher costs onto consumers and raised prices even more to increase their profit margins, too. This finding isn’t totally new, several economists and researchers (including me) pointed out this trend at the time. https://www.foodandpower.net/latest/ftc-supply-chain-disruption-grocery-food-processing-report-apr-24
So, they cut the price and cut the size followed by a price raise 6 months later?
They cut the size, but not the price. Then they increase the price six months later.
Even the title says "signs in front of all products that have been reduced in size without a corresponding price cut"
or cut the size but keep the price the same, then release a new "jumbo size" that's as big as the previous size (with the new and improved higher unit price), then discontinue the "standard" size.
good ol' name and shame!
New fun size!
SAME GREAT TASTE!!!
This has been the law in Brazil for more than 10 years now. We have lots of problems here, but at least our consumer protection laws are top notch. And, believe or not, they're enforced successfully.
Thanks for sharing, it's great tk hear and I didn't know!
I think the unit price should be more prominent than the price per item.
And the units should be consistent. It drives me nuts when I'm in a store and the unit varies across different sizes of the same product.
Who the fuck even knows what the unit price of paper towels is?!
And each brand has a different tear-off square size. Some have 'jumbo size' and also 'pick-a-size' where its smaller rectangles tear offs instead of squares.
How do you compare? You dont and its by design
Turns per roll on one brand, grams per inch for the next, and ounces per half-roll for your third choice.
Weight...
I was thinking about this the other day when I noticed my deodorant was 2.7fl oz instead of the usual 3. The stores are complicit. They know every time something shrinks because they have to print new tags. Even if it's the old price, the unit price has changed, and I believe the barcode is different.
No warnings. No heads up. Just silent acceptance. Sure, if they posted a warning I wouldn't buy that product but dammit I need deodorant!
US market: Just puts one big sign outside that has an "everything" warning.