23:02 GMT +323 September 2017
Live
    Supermarket

    Don't Bring Me Down, Brexit: Popular Foods Fall Victim to 'Shrinkflation'

    © Photo: Pixabay
    Europe
    Get short URL
    125474

    Since the UK voted to secede from the European Union, many UK consumer goods have fallen victim to "shrinkflation" - a product shriveling in size but remaining the same price - as the falling value of sterling has driven up importation costs. Now, a new range of favorites has succumbed to shrinkflation, among them Coco Pops, Doritos and Peperami.

    The pound's precipitous plunge, post the June 23 referendum on Britain's membership of the EU, has pushed prices of various commodities, such as butter, pork and wheat, ever-upward. Maltesers were one of the first victims of Brexit "shrinkflation" — prior to the plebiscite, bags weighed in as 121 grams, but have since fallen to a paltry 103g. Family packs of Fish Fingers have likewise been culled, from 12 fingers to 10 per box.

    The latest casualties of shrinkage have seen cuts of varying sizes.

    A big box of Coco Pops has been cut by 80g to 720g, and its smaller cousin by 40g to 510g.

    The size of a large bag of Doritos has been reduced by 10 percent to 180g, while the company's £1 (US$1,25) "grab bag" is shrinking by nearly 12 percent to 90g.

    Peperami has shrunk by 10 percent to 22.5g.

    The price of pork, the pepperoni snack's primary ingredient, hit a two-year high late in 2016 due to high demand from China, while the fall in the pound has increased the cost of importing it.

    PepsiCo and Jack's Links, manufacturers of Doritos and Peperami respectively, both acknowledged fluctuating exchange rates were to blame for their products' size reductions. However, Coco Pops owner Kellogg's attributed the decline to a cut in the amount of sugar in packs by 14 percent — the new, less sweet recipes are alleged to weigh less.

    The company added it had done the same with Bran Flakes and Frosties, two of its most popular brands, but in those cases pack weights didn't change.

    Nonetheless, Lianne van den Bos, Senior Food Analyst at Euromonitor International, is skeptical of the company's claims.

    "Many manufacturers will say they are shrinking the size of their products as part of their responsibility to consumers with regards to health. But while this sounds honorable, the bottom line is the main motivation for shrinkflation," she explained.

    Related:

    Coffee Industry 'Espressos' Concern Over 'Brewtal' Brexit Effect
    'Love It or Hate It,' Sterling Drop Leaves Bad Taste on Brexit Table
    How Much is the Fish? Brexit Bites Back on Britain's Favorite Food
    'Lettuce' Eat More Meat? Rain in Spain Means British Supermarket Veggie Rations
    Tags:
    shrinkflation, demand, goods, Brexit, market, food, prices, economy, trade, UK Referendum, Great Britain, Europe, United Kingdom
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment