French grocery chain adds 'shrinkflation' labels to products in bid to shame supplier pricing
Publishing timestamp: 2023-09-15 11:15:38
Summary
Carrefour has added "shrinkflation" warning stickers to its products that have recently decreased in size but increased in price. The move is aimed at pressuring suppliers to reconsider their pricing policies. This comes as Carrefour prepares to negotiate with certain retailers. Shrinkflation tends to occur in high inflation environments, but manufacturers often do not announce these changes, making it difficult for consumers to notice.
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Keywords: food and drink, carrefour sa, pepsico inc., business news, breaking news: business, retail industry,
Source: https://www.cnbc.com/2023/09/15/french-grocery-chain-adds-shrinkflation-labels-to-products.html