I went to Lowes tonight to buy some Kimchi. This company down sized their container to about half the size for more money. They joined rip off of consumers. I will make my own now thieves...
When a company/WildBrine downsizes a product and charges the same amount or more for it, this practice is called "shrinkflation" - a combination of the words "shrink" and "inflation" which essentially means you are getting less product for the same price, or even a higher price.
Key points about shrinkflation:
Definition:
Reducing the size or quantity of a product while maintaining the same price or increasing it slightly.
Why companies do it:
To offset rising production costs without overtly raising prices on the product label.
Consumer impact:
Consumers may not notice the smaller size unless they carefully compare packaging or pay close attention to the quantity. I did...