Low-cost grocery store chain Aldi said it will reduce prices on more than 400 products this summer including baby back ribs and ground beef.

Reducing the size or weight of products without lowering prices proliferated as a business practice from 2021 through 2024 as companies grappled with rising costs for ingredients, packaging, labor ...

Analysis: The majority of consumers consider reducing product size to be a dishonest practice and much more unfair than a price increase. By Monica Grosso, EM Lyon Business School; Diletta Acuti ...

When food companies reduce the size of a product, but sell it at the same price, this is called shrinkflation. Reduced yogurt on an orange background, illustrating shrinkflation.

Lower prices are already appearing in “most stores,” online, and in the Target app, the company said Tuesday. While the company did not provide details on every product that is becoming ...

Whole Foods CEO says he is reducing food prices in an effort to abandon “whole paycheck” stereotype The price cuts also hope to appeal to more shoppers who have been affected by rising food costs ...

ALDI is cutting prices on over 400 summer products by as much as 33%. The price cuts will last from June 5th through Labor Day. In Tennessee, grocery prices are up 37.1% since October 2019, and 3. ...

The implication is that NNPCL, which currently sells petrol at N965 per litre, may reduce its price downward. This is as DANGOTE Refinery and petrol distribution partners, such as MRS filling have ...

Gillis-Harry said that “NNPC has no choice but to reduce petrol retail prices because it is not possible to see a product at a cheaper price and still go for NNPCL.” ...

In May, Itoham will raise the prices of 60 products, including hams and sausages, by about 2% to 18%, including virtual price increases achieved by reducing product content.