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“Shrinkflation”: soon posters displayed in supermarkets to alert consumers

2024-04-19T17:04:22.781Z

Highlights: The government will force supermarkets to put up posters alerting consumers of a reduction in quantities of a product at unchanged prices. Olivia Grégoire, the Minister for Trade, declared that she would put up posters on July 1st indicating the decree. The decree, "signed on April 16", is currently "on the Prime Minister's table" and "should be published" in the Official Journal "in the coming days," assured the minister. "Shrinkflation" consists, for manufacturers of consumer products, agro-industrialists, or distributors, of reducing the quantities of products sold rather than significantly increasing prices too much. The distributor Carrefour had, for example, drastically reduced the quantities of its "first price" vegetables to remain below 1 euro in December, evoking the transition from three to two salads or the reduction of a third of the potato fillet. "If a decree comes out, we will respect it and apply it, but we regret it," indicated the boss of the 4th French distributor, Système U, Dominique Schelcher.


Olivia Grégoire, the Minister for Trade, declared that she would put up posters on July 1st indicating the


The government will force supermarkets to put up a poster alerting consumers of a reduction in quantities of a product at unchanged prices, promised Minister for Trade Olivia Grégoire, interviewed by Ouest-France.

“From July 1, when products (food or non-food for that matter) will be

shrinkflated

 ”, in other words will see their quantity decrease but not their prices, “there will be a poster on the shelf for two months”, indicated Olivia Grégoire in this interview posted online Thursday evening.

The decree is “on the Prime Minister’s table”

On this poster, “it will be written:

for this product, the quantity sold has increased from X to Y and its price per kilo, gram or liter has increased by X% or X EUR 

”, she elaborated.

The decree, "signed on April 16", is currently "on the Prime Minister's table" and "should be published" in the Official Journal "in the coming days", assured the minister.

What is “Shrinkflation”?

“Shrinkflation”, from the English verb “shrink”, consists, for manufacturers of consumer products, agro-industrialists or distributors, of reducing the quantities of products sold rather than significantly increasing prices too much.

The distributor Carrefour had, for example, drastically reduced the quantities of its "first price" vegetables to remain below 1 euro, the media reminded 60 million consumers in December, evoking the transition from three to two salads or the reduction of a third of the potato fillet.

“We regret it”

“If a decree comes out, we will respect it and apply it but we regret it”, indicated in January the boss of the 4th French distributor, Système U, Dominique Schelcher.

“It is the manufacturer who knows that his packaging has been reduced, that the recipe has been called into question,” he said, fearing “a waste of time” for the in-store teams.

The minister also indicated that she wanted this obligation to fall, in the future, on manufacturers rather than on the distributor, and this, at European level, during a "revision of the rules of information of consumer opinion on foodstuffs in Europe in 2025.”

Source: leparis

All business articles on 2024-04-19

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