NEWS… BUT NOT AS YOU KNOW IT
It’s impossible not to notice the impact of inflation on the food and drink we buy at the supermarket.
The official figure for last month, of 13.1 per cent, is higher than the broader inflation rate that hits the headlines, but in practice it’s likely many of the things you buy will have gone up by even more.
But there’s another hike in how much you pay that’s harder to spot. Shrinkflation, where items get smaller but stay the same price, isn’t anything new, but it’s certainly more likely to catch you out.
I was browsing the ice cream aisle the other day and wasn’t surprised that many of the leading brands now sell tubs sized around 460 or 465ml, rather than the traditional 500ml.