The New York Times calls out the sellers of packaged foods for the con game they are playing with consumers. If you are an astute shopper you’ve already noticed what’s going on at the market — companies are putting less and less food in packages, and keeping the prices the same (or raising them).
If you eat, and I think you do, it’s an interesting story on food inflation.
Chips are disappearing from bags, candy from boxes and vegetables from cans.George Boyle | Stockbyte | Getty ImagesAs an expected increase in the cost of raw materials looms for late summer, consumers are beginning to encounter shrinking food packages.With unemployment still high, companies in recent months have tried to camouflage price increases by selling their products in tiny and tinier packages. So far, the changes are most visible at the grocery store, where shoppers are paying the same amount, but getting less.
Source: NY Times via CNBC.