France asks retailers to alert customers to cases of 'shrinkflation'
PARIS (AP) — The French government announced a new rule on Friday that will require stores to tell customers when a product becomes smaller but its price stays the same or increases, a practice known as ‘’ shrinkflation. ''
Finance Minister Bruno Le Maire announced the measure to tackle the common but often criticized method, which has become an international buzzword. He said that from July 1, such cases will need to be clearly communicated to shoppers.
Le Maire called shrinkflation a “scam” and stressed the importance of transparency. “Consumers must understand the real price evolution of products when their sizes change,” he said in a statement.
Retailers at medium to large supermarkets will have to display specific information about the price per unit and any changes in quantity next to the affected products. It must be visible as signs on store shelves for two months following any changes to a product. This requirement applies to a wide range of goods, including food and household items. The Finance Ministry said there would be exceptions for unpackaged food items and bulk goods.
Related articles
Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-21Philippines, China cooperate to crack down on illegal offshore gambling
(ECNS) -- China cooperated with the Philippines to deal with illegal offshore gambling, repatriating2024-05-21China, Arab countries agree to enhance cooperation
Chinese State Councilor and Foreign Minister Wang Yi and Jordanian Foreign Minister Ayman Safadi co-2024-05-21EU condemns Turkish decision to convert Hagia Sophia back to mosque
EU's High Representative for Foreign Affairs and Security Policy Josep Borrell speaks during a press2024-05-21Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Travis Kelce was spotted taking a whiskey shot from a slice of bread in true southern fashion as he2024-05-21World should act as one when it needs China to play a role in creating economic growth
Affected by the COVID-19 pandemic, it’s not easy for the global economy to recover and improve withi2024-05-21
atest comment