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
Who is Jacob Zuma, the former South African president disqualified from next week's election?
JOHANNESBURG (AP) — Former South African President Jacob Zuma was barred Monday from running for Par2024-05-22President Xi Jinping's Letter Presented to American Students
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22Huawei teams up with Ethiopian telecom companies for green energy solutions
ADDIS ABABA, April 13 (Xinhua) -- Chinese telecom company Huawei is partnering with its Ethiopian pe2024-05-22Chinese company signs MoU with Ethiopia to light up off
ADDIS ABABA, April 13 (Xinhua) -- The Ethiopian Electric Utility (EEU) and Chinese telecom company H2024-05-22FDIC chairman Martin Gruenberg to step down, White House says
NEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corpo2024-05-22Xi Replies to Letter from Iowa's Muscatine High School Students
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-22
atest comment