When the price of an item like a gallon of milk or gasoline goes up, most of us will notice right away. But when the price stays the same, we might not pick up on it if there's just a little less cereal in a box or toilet paper on a roll.
Shrinking products and charging the same old prices is a hidden form of inflation, often referred to as shrinkflation or downsizing. It's not a new phenomenon, but it tends to become more common during periods of high inflation, such as right now.
On the amazing Shrinkflation subreddit and all over social media, people are sharing examples of this sneaky product downsizing that they've found in the wild, and it can be really tricky to spot if you're not paying attention. Check out some of these examples of products getting smaller to see what I mean:
Here's a closer look at the packaging:
Let's zoom in and enhance, CSI style:
5. And there might not be as much toilet paper on a roll as there used to be.
Let's take a closer look, shall we?
Notice how the units change on the different boxes from 1 pound to 14 ounces. FYI, there are 16 ounces in a pound.
8. And a box of tea just might hold fewer bags than you're used to.
I stared at this photo for an embarrassingly long time before I could spot the difference. The product size is stamped in thin type on a hard-to-read location on the bottom right side of the label:
11. This canned cat food got a little bit taller, but it somehow holds 0.7 ounces less.
13. And this can of ground coffee went from 100 grams down to 90. For reference, it's recommended to use 10 grams of coffee for each 6-ounce serving, so the new can will yield one cup less.
If you're hoping to avoid shrinkflation on your next grocery run, look at the per unit price if you're comparing different product sizes. You might also want to go through your pantry and note what size your favorite items are now. Memorize this list or keep it in your phone so you can refer to it when you're shopping and spot changes in packaging.
Now I'm super curious to see where you've noticed products shrinking while prices stay the same. Share your experiences in the comments!
And for more stories about life and money, check out the rest of our personal finance posts.