How To Hide Inflation From Consumers 101
Watchout! Supermarket "Short-Sizing" Gives You Less For Same Price!
Last Update: 5/13/08
Common in manufacturing to alter the quantity of a package's content in an effort to keep costs down. (NBC News) From NBC News:
With fuel and delivery costs rising, food manufacturers are faced with raising their prices or giving you less and it seems that less is the growing trend.
It's a trend that's likely to continue.
Pat Locurto, owner of Pat's Meat Farms in farmingdale listens to his customers but realizes this is just the beginning.
"A lot of packaging is getting smaller for the same price. The weights are getting changed, a lot of people don't notice but a lot of people do and they're mumbling and grumbling, they think its us. but its not us, its the company," said Locurto.
It's a practice known as short-sizing. Common in manufacturing to alter the quantity of a package's content in an effort to keep costs down.
Tod Marks of Consumer Reports says "Years ago, we saw coffee. remember the can of coffee, one pound 15 ounces 11.5 ounces, some are down to 10 now for your pound of coffee, then it started spreading.
Now, take ice cream.
"We've gone from a half gallon to 1.75 to now 1.5 quarts, that's a tremendous short sizing of a package, same time price is rising," Tod Marks said.
We found Eddy's new 1.5 quart size side-by-side with its predecessor, the 1.75 quart size, on a store shelf in Melville, and we were charged the same price for both.
Eddy's told us what we found was the old inventory still for sale.
Another good example right now can be found in breakfast cereals.
Roger Bogstead the Nassau County Consumer Affairs Commissioner said "We're seeing it more and more given the high cost of flour and wheat. Consumers are trying to get the best bargain they can and the manufacturer's don't want the consumers to know that they're raising the prices."
If you take a look at these two types of cereal found in supermarkets by Nassau County Consumer Affairs' inspectors. Both brands are Stop & Shop, one is the frosted shredded wheat cereal. Same size box, one is 19 ounces, the other 18 ounces.
And then there's Cocoa Magic cereal. Roger Bogstead said "Eighteen ounces to almost two ounces less."
And it's not just edible items. Inspectors picked a three-pack of Irish Spring and Dial soaps and found they had been short-sized too.
And in a similar vein, inspectors came across two different sizes of act anti-cavity mouthwash and did the math the small version says, use once a day. The larger version says, use twice a day.
Roger Bogstead says "to use this bigger mouthwash as directed, costs you 15 cents a day. When you use the smaller one as directed it costs you 10 cents a day. Plus the active ingredient in the small one is much higher than the bigger one."
The makers of Act mouthwash explained their fluoride dosage as an FDA regulation, saying they are restricted to a certain quantity of fluoride in the larger size bottles.
Now the manufacturers of the products we mentioned and all pointed to the high cost of fuel as the impetus for the short-sizing of their products, apparently they believe short sizing is easier for consumers to digest the dramatic price increases.
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Bloomberg Shuts Off Volcker
http://jessescrossroadsca...
"It was starting to get interesting, and then... Bloomberg television cut away so that Betty Liu could tell us how well the stock market was doing, and they never came back".
I went to McDonalds today...
Yes, I DO go there every 6 months or so.. it's a french-fry addiction I'm working on.
Anyways, the troupe orders some crap... I catch out of the corner of my eye on the screen where they charge me 30 cents for 2 barbecue sauce... ?
I had to ask.. seems it's a rationing thing now. So I have to buy condiments? Also, you are only allowed one ketchup pack per item ordered without getting charged...lol
The devil is in the details, as always.
Cans of soup
have been shrinking for years. If you find an older recipe calling for a can of soup, better be adding two!
Oh, and tuna fish - I double checked the wt. because when I opened a can, there was hardly any tune inside. They completed the 6 oz. with oil or water!
Standards of Living Are Challenged
Burdened by the Weight of Inflation
Standards of Living Are Challenged
By Jon Cohen and Steven Mufson
Washington Post Staff Writers
Wednesday, May 14, 2008
Nearly seven in 10 Americans are worried about maintaining their standard of living, as concern has spiked higher in just the past five months, according to a new Washington Post-ABC News poll. Soaring consumer prices are a major challenge, with many people struggling under the weight of the rising costs of fuel, food and health care.
The poll shows that the weak economy and rising prices are high among voters' concerns, and contribute to a souring national mood in this presidential election year. More than eight in 10 said the country has veered pretty seriously off-track, and a separate poll released yesterday by ABC showed economic anxiety at its highest level on record since 1981.
Overall, 68 percent of people surveyed in the new Post-ABC poll said they were concerned about their ability to keep up their lifestyles, a jump of 17 percentage points since December. The increase cuts across party and income lines, spreading rapidly among Republicans, people from rural areas and those from middle- and upper-income households….
Can you imagine next winters heating bills?
Whoa.
I went to the store today
and they wanted $3.65 for an
8 lb. bag of potatoes.I have never seen it come in 8 lb.bags,
always 5 or 10 lbs.Better start growing our own!
let the BLS's salaries
be adjusted by their own index.
Problem solved -> inflation IS through the roof!
Excellent post...
Just wanted to say that.
Inflation is Easing, it seems...
that the government was reporting, today. Pricing are not rising, it the packaging that getting smaller, therefore your paying for the same price but less of it.
"You know that white speck on top of chicken sh#t, well it still chicken sh#t " - Ernest Tucker
Even Worse
They dismissed the rising gas prices according to this article.
Obviously the fact that oil rose to record highs has nothing to do with this dramatic increase in price. In fact, our gasoline is getting cheaper! (add dripping sarcasm here)
For news on the real inflation pressures, I guess you need to look overseas to get any useful information or analysis.
Thanks for the Links...
Khomar, those were very interesting reads. I watched CNBC Squak on the Street when the report was giving by Steve(not sure of his lastname) and Mark Haines then asked "Where do these guys buy there gas at?"
So it goes, government reports are lacking any credibility, if there were such a thing.
Yeah...we noticed 80% of
Yeah...we noticed 80% of yogurt cups suddenly all were much smaller.
And...ever notice kleenex boxes (generic included) all only have a few tissue in them. I am so incensed that I refuse to buy kleenex in rebellion.
I use a lot of tissues and just
decided to dig out some old hankies. Why not???
I also did this with napkins!
Occasionally we can turn our brains on and use what we already have in our homes.
How about some other ideas?
remember when a nickel candy bar was huge?
OK, I am a fossil, but I do. Your next bag of chocolate treats will be just one "M." ;)
Or an ice cream
cone with two scoops was 10 cents - now just under $2.65 (that is for the good, hard ice cream -not that soft imitation stuff!)
Start growing..
your own food, if you haven't already people.