Explained

What is shrinkflation?

Explained · · 6 minute read

Shrinkflation is when a product gets smaller while its price stays the same, so every gram, sheet or biscuit costs more. The UK's Office for National Statistics counted 206 products that shrank between September 2015 and June 2017, against 79 that grew, and found the price usually stayed where it was.

Tool: Inflation Calculator: What Your Money Was Worth

The pack got smaller. The price stayed put.

What does shrinkflation mean in simple terms?

The word is shrink plus inflation. The price on the shelf stays where it was. The pack does the moving. A bag holds fewer crisps, a roll has fewer sheets, a bar loses a square, and the till receipt looks exactly like last month's.

It is still a price rise. It has only been put where people don't look. Most of us remember what a thing costs. Almost nobody remembers what it weighed.

I can vouch for that. I measured my ten pound note every morning for a year. Same size every time. So I assumed all was well. Nobody told me to measure the biscuits.

Is shrinkflation real?

Yes, and it has been counted. In the UK, the people who collect prices for the inflation figures also write down the size of what they are pricing. When the Office for National Statistics (ONS) went through those records, this is what it found.

Shrinkflation in the UK, as counted by the ONS
What the ONS countedFigure
Products that shrank, September 2015 to June 2017206
Products that got bigger, same period79
Food products in the sample that shrank during 2016between 1% and 2.1%
Food products that got bigger during 2016between 0.3% and 0.7%
Price records where the item had shrunk, January 2012 to June 20172,529
Food and drink items in the sampleabout 37,400
Share of all size reductions that were food and drink70%
Added to the price index for sugar, jam, chocolate and sweets since 20121.22 percentage points
Added to the overall price index (CPIH) since 2012about 0.03 percentage points

Download this table (CSV).

Source: Office for National Statistics, “Shrinkflation: how many of our products are getting smaller?” and “The impact of shrinkflation on CPIH”, Open Government Licence v3.0. Period: January 2012 to June 2017. Last updated: . The ONS published these counts on 24 July 2017 and 21 January 2019. It names no brands, and neither does this page.

Two things stand out. Shrinking is real but rare: in a year, about one or two food products in every hundred. And when the size did change, the ONS found that “prices tended not to change when products changed size”. Which is the whole trick.

For every 206 that shrank, 79 grew. No one has ever rung me to say their biscuits got bigger. I'd remember. I'd have gone round.

Is shrinkflation included in the inflation figures?

In the UK, yes. When a price collector sees that a pack has changed size, they record the old and new weight of the product, and the statisticians treat the smaller pack as a price rise. The ONS gives its own example: a chocolate bar going from 85 grams to 80 grams. Same price, fewer grams. That is a rise of 6.25% in the price of each gram, and that rise is what goes into the index.

So the official inflation figure already has shrinkflation inside it. Over the five and a half years the ONS studied, it added about 0.03 percentage points to the overall index. In the sweets aisle it added 1.22. Small on paper. Noticeable at eleven o'clock with a cup of tea.

How much dearer is a smaller pack?

The sum is short: the old size divided by the new size. Whatever is left over above one is the price rise.

Here is mine. These numbers are my own and I made them up. My usual packet of Rich Tea was 300 grams for £1.50. One morning it was 250 grams for £1.50. That is 20% dearer for every biscuit, and the price never moved. I'd been watching the price. The price hadn't moved.

The smaller pack sum

Each 100 grams went from 50p to 60p. That is 20% dearer, with the same price on the shelf.It opens on my made-up packet. Any numbers will do. A sum, not advice.

What has food inflation been doing in the UK?

Shrinkflation and inflation are different things that turn up together. This is the plain kind: how much dearer food and soft drinks were than a year before, month by month.

UK food and soft drink prices: rise on a year earlier, by monthTwo lines since January 2019. Food and non-alcoholic drinks peaked in early 2023 and have since fallen back below the all-items rate.-5%0%5%10%15%20%20192020202120222023202420252026All pricesFood19.1%19.1%1.3%1.3%

The peak was 19.1% in March 2023. The latest figure, for August 2026, is 1.3%, against 3.1% for prices as a whole. A lower line means prices are rising more slowly. It is not the same as prices coming down.

I explained this to my mother. She said she'd been there at the time.

Source: Office for National Statistics, consumer price inflation time series (MM23), Open Government Licence v3.0. Period: January 2019 to August 2026, series D7G8 and D7G7. Last updated: .

Which products shrink the most?

By category, most of the size changes were in food and drink: 70% of the reductions and 71% of the increases. Within food, the ONS lists bread and cereals, meat, and sugar, jam, syrups, chocolate and confectionery. Outside food, the busiest group was personal care, which covers things such as toilet rolls, nappies and tissues.

Toilet rolls. I had noticed. I'd put it down to a change in my circumstances.

The Damage. The official count: 206 products smaller, and the price on the shelf usually unchanged. I lost fourteen million pounds and never once checked the weight of anything. The biscuits were the only ones being straight with me. It was printed on the side the whole time.

The tool that goes with this

ToolInflation Calculator: What Your Money Was WorthPick a country and a year. See what the same money buys now.

Questions people ask

Is shrinkflation real?

Yes. The ONS identified 206 products that shrank in the UK between September 2015 and June 2017, and found that prices tended to stay the same when they did.

Is shrinkflation included in CPI?

In the UK, yes. Price collectors record a change in pack size and the smaller pack is treated as a price rise in the index.

Why does shrinkflation happen?

The ONS study does not give a cause. What it does say is this: “There was no trend in the frequency of size changes over this period, which included the EU referendum.”

Is shrinkflation getting worse?

The official UK count covers January 2012 to June 2017 and found no trend. This page found nothing newer from the ONS in the same form, so it does not guess.

Sources

Scripted comedy. Rich and M are AI characters and the £14 million never existed. Nothing here is advice.