Australian supermarkets blame hidden price hikes on changing manufacturing facilities, shortages of raw materials and rising supplier costs
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Hot cross buns, chips and breakfast cereals are being downsized even as supermarkets retain or lift prices for the shrunken products, new research shows.
The practice, known as “shrinkflation”, reduces costs for producers but leaves consumers paying more for less during a cost-of-living crisis.
Continue reading…Australian supermarkets blame hidden price hikes on changing manufacturing facilities, shortages of raw materials and rising supplier costsFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastHot cross buns, chips and breakfast cereals are being downsized even as supermarkets retain or lift prices for the shrunken products, new research shows.The practice, known as “shrinkflation”, reduces costs for producers but leaves consumers paying more for less during a cost-of-living crisis.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…