(FINANCIAL POST) – While so-called shrinkflation — where the cost of a product stays the same though its size declines — isn’t a new phenomenon, consumer-protection authorities in Europe’s top economy are being inundated by complaints.
Its Hamburg branch alone received about 100 in the past two weeks — a record that’s three to five times above the norm.
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The group’s list of “bluff packages” includes 14 per cent inflation for gummy bears and 20 per cent for potato chips. Manufacturers have called a 25 per cent price jump for some margarines an “exceptional step in difficult times” caused by “dramatic cost increases across the whole supply chain, including raw materials.”