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

The Australian Retail Association says a government crackdown on “shrinkflation” ignores the issues that have contributed to price increases.

A woman shops while holding her child in a supermarket in Albany, Western Australia, on April 11, 2024. Susan Mortimer/The Epoch Times

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.