In addition to hiking prices and shrinking product sizes, some food companies have also been quietly downgrading ingredients to reduce manufacturing costs in a process known as ‘skimpflation.’
In addition to hiking prices and shrinking product sizes, some food companies have also been quietly downgrading ingredients to reduce manufacturing costs in a process known as ‘skimpflation.’
It’s showing up in all the things… the chicken breast packages used to be 1kg for $9, and in the short term they’ve increased to $15 or so for 650g. The prepared chopped salad (you can argue it’s not a smart buy, bu it illustrates the differences) used to be 450g to 500g and you’d pay $4, now it’s $6 and you get 365g.
Consistently across the whole shopping list I’m seeing smaller packages for significantly more money.