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%?
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.
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.
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
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.
Every place I used to eat pretty much. And they cheap out on cheap shit too, like fries and rice. I used to work at a restaurant and the owner always taught me to fill up the sides cause it makes people feel they got their money’s worth
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
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
Packages says right on them 2 packs and 3 packs. So amount isn’t changing on these particular ones.
There’s a fresh Canadian fish market near my house. A huge piece of wild caught Atlantic salmon that can feed 3-4 of us is $28 or so after taxes. The salmon is fresh, delicious, and way more plump. Shrimp too, I buy a $20 pack of shrimp at food basics and it shrinks to nothing while cooking, and the $25 of fresh shrimp from the fish market stays huge and doesn’t soggy my recipe
Sounds like they might be pumping water into that shrimp. They do it for chicken breast and I think up to half the weight of the product can be water added or something ridiculous like that.
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.
For that they just put all the filling in the middle, cut them in half and only display the cut side for stuffed looking cross section. Meanwhile half or more of the wrap is empty.
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.
Is this near the sign that says “Always $10”? :\
lol
Complaining about the price of Smoked Salmon, Oh the irony.
What’s the irony?
Are we assuming that since this person purchases smoked salmon that they’re immune to, ignorant of, or in favor of lower purchasing power? Are we assuming this is a luxury purchase, so they are not entitled to slumming it up with the rest of us?
Let this person just enjoy their fish, whatever little amount they’re getting for $10.
Or a 11% increase in price overall. Meanwhile inflation is at 6-7%?
Over what time period, though? We’d need to know when the 255g for $10 price was introduced. If the price and weight have been unchanged for a few years, this could even be below the rate of inflation.
Absolutely agree with you.
It’s anecdotal, but I think this product was only introduced a little over a year ago in the supermarket that I shop. I don’t remember seeing this $10 “value pack” prior to this, and I pick one up usually every 4-5weeks consistently.
There’s this fast food chain fried chicken place 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 relentless spend their money there anyway.
Tried them once, succumbing to the hype, they didn’t taste like anything at all
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.
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.
I always check price/weight, and its increase has been ridiculous. For ones that don’t increase price also taste different, sadly. The best way to detect real value vs. price is look into nutrition tables but I don’t have the all database memorized lol so they’ll get away with it. :/
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