Shoppers across the U.S. are desperately trying to figure out how to cope with rising food prices
, but unfortunately for them it seems that the increases are just beginning. A sharp jump in commodities' prices this year will soon result in sticker shock, making the summer barbecue just that much more expensive
Large food companies have recently announced that they will raise the prices they charge grocery retailers for commodities-based products. For example, a chocolate bar will cost more soon: Hershey last week announced a 10% increase for most of its confectionery goods.
Of course, straightforward price hikes could cause consumers to buy less of those products or to choose less costly store brands. So in many cases, food companies are trying a different tactic: Keeping the price of an item the same while decreasing the amount of food in the package. The company recoups the costs of the rise in commodities and hopes consumers don't notice that they're getting less of the product for the same price.
Food companies have no obligation to tell customers about the smaller packages, but may suffer a backlash from consumers who notice how the packaging trick works and seek alternative grocery shopping options
. Read on for at look at shrinking products that you might notice in your grocery aisles.
(AP Photo/Paul Sakuma) The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.