Up untill a week ago Nofrills carried these “three packs” of salmon for $10. Now the same pack contains two for the same $10. I thought it felt light when I bought it yesterday.
This comes to about $0.02 increase per gram, and a $1.10 price increase overall. Or a 11% increase in price overall. Meanwhile inflation is at 6-7%?
You must log in or # to comment.
This sucks. One of my favorite places to eat has both inflation and shrinkflation. Higher price for smaller portions.
More than likely their suppliers are bleeding them, a lot of restaurants in my town are dealing with the same shit
Yeah. One of my favourite restaurants closed a couple months ago because they just couldn’t justify charging more for food, but their suppliers sure could.
It’s not the supplier “bleeding them” the supplier has the exact same problem the restaurant has, inflation, if they don’t raise the prices they go bankrupt. It’s a vicious cycle of everyone raising prices not to go bankrupt which causes everyone else to do the same.
If you don’t think suppliers are using inflation to justify robber-baron price hikes, I guess you missed the part where companies are posting record profits.
I work for a packaging supplier and inflation is hitting us hard.
Perhaps the people whose job it is to know shit a actually do know shit
Inflation drives all the numbers up. If money inflates to half the value but you maintain the same profit margins, you’ll make record profits despite the finances having functionally remained exactly the same.
Workers are also making record wages. It doesn’t mean much if you don’t consider how much the money is actually worth, as we’ve all been discovering over the last few years.
so why not just lower the profit margins? also give me some of them record wages please, all I got was a bottle of champagne for all the work weve done and record profits but also raises in pay are frozen because of the turbulent times
so why not just lower the profit margins?
Probably for the same reason you don’t casually decide to go to your boss and say that you voluntarily want a pay cut.
https://tradingeconomics.com/united-states/wages
Average hourly wage at the start of 2020 was $24. It’s now $29, which comes to about $10,000 more each year, and is an increase of about 21%. That growth has been concentrated in the service industry, but the data is pretty clear regardless, and the general trend applies to basically all sectors. Inflation in that same time period is 18.1%, so it simply is a matter of fact that the average worker has greater buying power today than they did in January 2020.
That’s an average, of course, and may not necessarily apply to you individually.
You’re getting downvoted but the suppliers have suppliers too, and even if it’s a farm-to-table thing the farms have supply costs.
Interesting that while there is only 2 instead of 3 in a pack, the total weight has gone down only 22% (from 255g to 200g, instead of 170g if the weight dropped by a third/33%). So the actual salmon pieces may be bigger?
This is still shrinkflation but there has probably also been previous hidden shrinkflation in the individual salmon pieces too and that bit has been slightly undone.
Usually when I buy bigger packs of salmon, the amount varies and the only thing roughly consistent is the weight. So if they decreased the weight, you might either get 2 bigger fillets or 3 smaller fillets depending on the package
If it’s not Shrinkflation, it’s Diluteflation.
I occasionally see posts and news articles about how AriZona Tea Company has “held the line” and kept their giant cans of iced tea priced at 99 cents for so long.
Well, after drinking a few cans of the stuff recently, I’m almost certain they’re watering down their product. The tea is nowhere near as concentrated as it was a few years ago. There’s practically no flavor to it anymore.
I kinda doubt they would bother to water it down. Realistically the flavouring in it costs a fraction of a cent for them. If they changed it for any reason would probably just be to be healthier
The absurd thinness of the “family size” boxes of frosted mini wheats is another one.
They won’t be able to stand upright in the next round of shrinking.
Buy less. Use less. Reward good pricing with your money. Spouse stopped buying favorite frozen sausages months ago because they went from $5 to $12. The other day noticed they are “on sale” for $5.25. Bought 2 and will continue buying them until they go back up. I’ve also started buying a lot of things on sale in bulk that will store awhile, so I can just walk by the ridiculous pricing until the next sale drops it again.
The ever reducing diameter of wraps is the thing that gets me the most. Do they think we won’t notice?! It’s maddening. I want a big wrap.
You’d think with a wrap it’d be easier to just stuff it with cheap starch and keep it looking big and satisfying in the display case.
The worst part of shrinkflation is that it ruins all the old mid-century recipes that were based on “convenience foods” and specified ingredients like “one can” of cream of mushroom soup or “one package” of jello. Nowadays you’ve got to use a can and a half, or whatever – WTF am I supposed to do with half a can of leftover soup, assholes?!
Is this near the sign that says “Always $10”? :\
I paid like $8 for 115g of marinated salmon last week because I wanted to try it, but it is getting ridiculous.
The bread rolls at the supermarket have gotten so comically small that you can’t even use them to make a proper sandwich anymore.
There’s this fast food fried chicken chain called Raising Canes, used to serve massive strips. Now the price is 50% more expensive and 50% less chicken. They’re extremely tiny, never going back again… yet all the zombies who love that place are relentlessly spend their money there anyway.
Tried them once, succumbing to the hype, they didn’t taste like anything at all
I think it’s done like that on purpose so that their Canes sauce does a lot of the heavy lifting.
Highway robbery.
What is infuriating about this? Explain like I’m an alien (ELIA?) who just landed on Earth and first thing opened lemmy top posts.
200 g vs 255 g, bottom left
Yesterday you gave me $10 and I gave you 3 hamburgers. Today you give me $10 and I give you 2 hamburgers but I still keep all 10 of your dollars. I blame it on inflation but in reality I’m just a greedy corporate fuck
This is the cost of war.
This is the result of company greed
What war?
the war of the roses. very costly.
“I would like for you to do us a favor, though” - Earl of Warwick, probably
the one in Ukraine
Yeah, my grocer has been sold out of Ukrainian Salmon for months, only kind they’ve had in stock is Hungarian Salmon and that’s got way too much paprika on it plus I’m pretty sure it’s actually some random lake fish they dyed pink.
we sent all the fish to Ukraine 😢???
If you mean Ru vs Ukraine, the for-profit cost gouging for groceries disguised as ‘inflation’ began prior to that.
deleted by creator
Two of the largest agricultural producers in the world are fighting. Food prices will rise.
Removed by mod
Well shit, if that’s the point you were trying to make – as opposed to regurgitating the tankie talking point dishonestly trying to imply that US government spending supporting Ukraine is causing inflation, which is obviously what everybody’s downvoting you for – you should’ve just come out and said it to begin with.
The idea that food prices are rising and it’s Russia’s fault for disrupting supply is a much more reasonable assertion than the way you were spinning it before.
