Holdout Jif shrinks its peanut butter jars, too
Sometimes packages at the grocery store mysteriously shrink, yet prices usually don't. This time, Jif dropped the suggested retail price to keep the per-ounce cost the same.
This post comes from Brandon Ballenger at partner site Money Talks News.
Eagle eyes over at MousePrint.org noticed new, smaller jars of Jif peanut butter are hitting shelves now.
You might not spot the difference because the jars are about the same height as they were before.
But if you measure, as the site did, you'll discover the new jar "had its waistline trimmed by one-half an inch," MousePrint.org says.
Many companies shrink their products over time as costs increase, but Jif is an interesting case for two reasons.
The first is that the brand was a holdout from the shrink ray and proudly touted it on the label for a long time.
About five years ago, Skippy and then Peter Pan shrank their jars, while Jif slapped on a prominent label that said, "We're still 18 oz.," according to MousePrint.org, which provided photographic evidence. (Consumerist also noticed the label change in 2009.)The second reason it's interesting is that the brand was open about the change, going so far as to post an explanation and advance notice on Facebook in May:
We value you as some of our most loyal consumers and want to let you know ahead of time that we are switching our 18 oz. jars to a 16 oz. jar starting June 1. As a result, we have decreased the suggested retail price so the cost per ounce stays the same as it was prior to the change. There will be absolutely no change to the Jif peanut butter formula you love so much. The change is being made to align with consumer and retailer feedback.
While it's not clear which consumers complained that those jars were just too chock-full of peanut butter, at least the company had the guts to admit the change was coming and adjust the price. It seems more common for companies to tweak the look of the packaging and quietly shrink the contents without shrinking the price, passing on higher costs to consumers.
What do you think of Jif's move, and what else have you seen shrinking at the grocery store lately?
More on Money Talks News:
AS THE PRICE PER OZ GO UP I BUY LESS OF PRODUCT. WHEN I DECIDE THING COST TO MUCH I STOP BUYING OR BUY STORE BRANDS. AND WHEN THAT TO HIGH I STOP BUYING AND DO WITH OUT. I DON'T GET FOOD STAMPS.
I wish all companies wee open like this about their practices then what they generally are. Lets give it up for JIF! Other Companies would shrink the product and raise the price to generate more profits so their CEO's and Presidents can get a bigger bonus. Well not JIF. They maybe shrank their product, but at least kept the price per oz the same.
In spite of all this evidence to the contrary our Gov. keeps trying to tell us that inflation is only .02 % or some ridiculous number like that. I have seen cube steak go from $3.99/LB to $5.99/LB in one years time and that is only one of many things I have seen go up like that.
They figure inflation on things like cars, Tv's, washer and dryers, etc. They should be using food, gas bills, electric bills, water bills, gasoline and so on.
I cook from scratch with bulk purchases so I really don't notice size changes.
The smaller Jif at the same price per ounce is appealing because the contents are fresher and not sitting in the pantry as long before it's gone and a new one is opened.
Copyright © 2014 Microsoft. All rights reserved.
ABOUT SMART SPENDING
LATEST BLOG POSTS
If you think you're too smart to fall for cons and scams, you're setting yourself up to be a victim.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'