Crackdown on ‘Shrinkflation’ Overlooks Root Cause Behind Inflation: Retail Body

The Australian Retail Association (ARA) says new measures put forward by the federal government to curb “shrinkflation” are overlooking broader economic issues. On Oct. 3, Prime Minister Anthony Albanese revealed he was planning to create tougher regulations for supermarkets to raise awareness about “shrinkflation” —the practice of decreasing a product’s weight or volume while maintaining or increasing its price. The regulations would push for clearer and uniform “unit price” labelling on products. Unit pricing breaks down the price per volume measure or weight. Many stores already offer unit pricing comparisons, but the government says the system is inconsistent. Albanese said there would be penalties to make supermarkets follow unit pricing rules to ensure “a fair deal when you buy.”...