We all know that everything seems to have increased in price recently, thanks to inflation. But have you noticed that not only are you paying more, but you are also getting less? Stomp contributor Lance has. Sharing a photo of two similar-looking but different packs of Old Town White Coffee With Natural Can Sugar 3-in-1 instant premix, he said: 'Brands...
We all know that everything seems to have increased in price recently, thanks to inflation.Stomp contributor Lance has.
Sharing a photo of two similar-looking but different packs of Old Town White Coffee With Natural Can Sugar 3-in-1 instant premix, he said: "Brands have an interesting way of fighting inflation while maintaining profits. "My usual instant coffee reduced the number of sticks in one pack from 15 to 13 sticks. There's a term for this - it's called 'shrinkflation'."The pack on the left was imported from Malaysia and sells for $6.50 at a small neighourhood shop, whereas the one on the right was sold at local supermarket chain NTUC FairPrice for $7.30. Effectively, this was a 15.4 per cent price hike in disguise.
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