(C) BoingBoing
This story was originally published by BoingBoing and is unaltered.
. . . . . . . . . .
French supermarket giant Carrefour removes Pepsi, Doritos and Quaker cereals from shelves over "unacceptable price increases" [1]
['Rob Beschizza']
Date: 2024-01-05
Pepsi products are being removed from Carrefour's shelves in Europe over "unacceptable price increases," including Doritos and Quaker cereals as well as the company's famed cola.
In France, the most recent report from the government statistics agency estimated that food prices rose 7.1% in December from a year earlier. French Finance Minister Bruno Le Maire last year pushed major food companies to bring down prices, threatening special taxes on "undue" profits. The government also moved up its deadline for price negotiations between food companies and supermarkets to this month in an effort to get a grip on the problem. Pepsi has raised prices in recent years, pointing to rising costs. In October it said it expected further hikes in 2024.
Inflation slowing exposes growing food prices for what they are: profit margin.
More on Shrinkflation, too:
The company has also been active in what critics describe as "shrinkflation" – reducing the size of packets for sale, but not dropping prices at the same rate.
And "Skimpflation" is the new thing—basically a new word for lowering product quality, dilution, fillers, etc.
[END]
---
[1] Url:
https://boingboing.net/2024/01/05/french-supermarket-giant-carrefour-removes-pepsi-doritos-and-quaker-cereals-from-shelves-over-unacceptable-price-increases.html
Published and (C) by BoingBoing
Content appears here under this condition or license: Creative Commons BY-NC-SA 3.0.
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/boingboing/
