'Shrinkflation' causing consumer products to reduce in size for same price
Inflation is now at a 40-year high and Long Islanders are paying higher prices for almost everything.
However, adding insult to injury, companies are starting to use "shrinkflation.” That means the size or amount of products are decreasing, while keeping the price the same.
Customers are being told to be conscious and see how much you are getting before you purchase an item.
One example of "Shrinkflation" is an 18-pack of Charmin that typically has 264 two-ply sheets per roll. The company has downsized to around 244 sheets per roll, costing about a roll and a half to consumers.
In addition, Quaker Instant Oatmeal usually has 10 servings, but now they are only carrying about eight.
Experts say some tips to keep in mind is to buy store brand products – which are typically the last to see price or quantity changes.