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What you need to know about ‘shrinkflation’ – inflation’s ‘sneaky cousin’
Do you sometimes feel like there’s less in your favorite cereal box? Or that even if you can’t quite put your finger on it, you don’t get as much liquid out of every Gatorade you drink?
This feeling is not always in your head. Sometimes it’s a real reality.
Shrinking Gatorade bottles and smaller cereal boxes are just two examples of what has come to be known as “shrinkflation” – the practice of companies reducing package contents while changing the same prices.
“I’ve seen it described as this sneaky cousin of inflation,” said Matthew Philp, assistant professor of marketing at Toronto Metropolitan University.
He says companies can make containers smaller or have a different shape, or put less product inside. “It’s just to hide the fact that their prices are going up.”
For consumers, this can be difficult to spot because stores usually empty old products before replacing them. The contraction isn’t new, but experts say it happens more often in times of high inflation, like now, and affects nearly every type of packaged product. Read more
Have you noticed any examples of shrinkage near you? Email us with photos at [email protected]
How This Man Fought Over $5,200 After A Travel Company Spent His Airplane Vouchers — On Other Clients
Surinderpal Gill trusted the travel agency where he bought tickets for a family trip to India two years ago.
But then he was left with over $5,200 and his confidence was shattered.
Last June, Air Canada sent Toronto-based All Link Travel three vouchers to compensate Gill for return flights that were canceled due to the aviation shutdown amid the pandemic.
But instead of telling him, Gill says the travel company repeatedly said there was no sign of the valuable travel documents. He then used these vouchers to pay for other people’s trips.
“I feel like I’ve been betrayed,” he told Go Public. “How can someone use my money without my consent? »
Gill is one of thousands of Canadians who have fought for months to get travel vouchers issued amid the pandemic. Many say the very travel agencies they’ve used are compounding their problems getting vouchers or refunds from the airlines.
All Link Travel claimed the vouchers had been used in error – three times – but it wasn’t until Go Public got involved that it refunded Gill.
The agency declined an interview request. Instead, a representative – who did not give his name and called Go Public using a blocked phone number – repeatedly promised to send a statement, but never did.
Gill says he’s grateful to have his money back, but it’s been an exhausting experience.
“Everything went well,” he said. “At the same time, I still feel like it shouldn’t have happened.” Read more
Soaring fuel prices hamper Canadians’ long-awaited travel plans
Does the end of most COVID restrictions make you want to hit the road?
You’re not alone, but soaring gas prices are putting a damper on many summer trips planned this year.
With gasoline over $2 a liter in much of the country, those long-awaited trips to reunite with loved ones or enjoy a well-deserved vacation have lost some of their luster.
According to a new poll, two-thirds of Canadian drivers surveyed said soaring gas prices would likely force them to cancel or limit their trips this summer.
The poll, conducted by Leger for the Tire and Rubber Association of Canada, surveyed 1,538 Canadians in April. The poll had a comparable margin of error of plus or minus 2.5%, 19 times out of 20.
“It’s a little disheartening,” says Ted Hilton, 81, of Ingersoll, Ont.
He lives on a fixed income and was eager to visit his family in Michigan now that testing requirements have been lifted at the border.
But he says he can’t afford to make the 460 kilometer journey until the price of gas drops.
“You depend on staying in touch with friends and relatives… and not being able to travel and meet them, it makes you feel rather isolated.” Read more
What else is going on?
Certain Jif brand peanut butters recalled due to salmonella
Recalled products should be discarded or returned to where purchased.
Do you feel poorer? The reverse wealth effect could add to the sluggishness of Canadians’ spending
Falling real estate, stock and crypto prices should encourage Canadian savers to spend less.
Bed bugs and cockroaches: international students in Sudbury, Ontario, denounce the landlord for the conversion of a 14-bed house
Tenants say 3 bedroom house converted to space for 14, infested with cockroaches, bedbugs, rats.
How AI-powered technology could help clinicians better diagnose mental health issues
The move has potential, but experts say users should proceed with caution.
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