Australian government strengthens Unit Pricing Code to combat "shrinkflation".
The Australian government is addressing "shrinkflation," where retailers reduce product sizes without changing prices, by strengthening the Unit Pricing Code. This initiative aims to enhance the visibility and clarity of unit pricing in stores, helping consumers find better value. The government will also explore penalties for non-compliance and consider expanding the code's coverage. A final report from the Australian Competition and Consumer Commission is expected in February.
October 06, 2024
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