Food industry analyst Phil Lempert, editor of SupermarketGuru "believes the Trump administration's tariffs are one of three primary reasons that Americans are seeing a rise in grocery prices, with the others being climate change and labor shortages."
...
He also says the U.S. should brace for shrinkflation — when food and product manufacturers keep prices the same, but reduce the size of items, meaning consumers are ultimately paying more for the same amount.
A September 2024 analysis from Lending Tree found that about one-third of approximately 100 common consumer products had shrunk in size or servings since the start of the pandemic.
As an example, Lempert showed CBS News coffee bean packets in one grocery store in Santa Monica, California, that used to be sold in 16-ounce sizes, but are now 10.5 ounces.
"What they're doing is they're trying to put less in the package, hoping that you and I are not going to observe that, and keep that price either stable or just slightly increased," Lempert explained.
Size of food items has not been something I track. I guess I'll give it a try.
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