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- Dictionaryshrinkflation/ˌSHriNGkˈflāSH(ə)n/
noun
- 1. reduction in the size or weight of retail products, especially items of packaged food, with no corresponding reduction in the retail price: British "the Bank of England warned UK consumers to prepare for shrinkflation"
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Nov 16, 2023 · Shrinkflation is the reduction in the size of a product in response to rising production costs or market competition. Rather than increase the price of a product,...
In economics, shrinkflation is the practice of reducing the size or quantity of a product while the price of the product remains the same or slightly increases. In some cases, the term may indicate lowering the quality of a product or its ingredients while the price remains the same.
In economics, shrinkflation, also known as package downsizing, weight-out, and price pack architecture is the process of items shrinking in size or quantity while the prices remain the same. The word is a portmanteau of the words shrink and inflation. Skimpflation involves a reformulation or other reduction in quality.
May 3, 2024 · Shrinkflation is when a company reduces the quantity or size of a product while keeping the price the same. Logically, people would expect that if they’re getting...
The meaning of SHRINKFLATION is the practice of reducing a product's amount or volume per unit while continuing to offer it at the same price. How to use shrinkflation in a sentence.
Dec 2, 2018 · Shrinkflation is a solution to a situation where supermarkets don’t want to pass on any price increases on to consumers. In 2009 when Sterling fell by 25%, supermarket prices were increased in the UK, but this helped discount retailers Netto and Aldi’s gain increased market share in the UK.
Shrinkflation is the term used to describe a situation when a product's size or quantity reduces while its price stays the same. For example, the amount of milk reduces while the price remains the same, this tactic is used by businesses as an alternative to raising prices immediately.
