'Early Show' Cans Food Companies for 'Shrinking' Products
When Tony the Tiger gets fired, we'll know biofuel mandates have taken their toll.
Correspondent Susan Koeppen said on "The Early Show" Oct. 23 consumers would be "paying more and getting less" for some food products they buy because companies are downsizing their products.
"It's called downsizing," Koeppen on the CBS broadcast. "More and more companies are going to start shrinking their products."
Ice cream consumer Yalanda Medina said she felt companies didn't think she was "smart enough to notice" she was getting less. In short, Medina felt "duped."
Koeppen went to "consumer advocate" Edgar Dworsky, who told her that downsizing is "a sneaky way to pass on a price increase."
"Most people can't see the difference between the old and the new, except when they're side by side and even sometimes when they're side by side you can't tell the difference," Dworsky said.
Dworsky has been running Consumer World since 1995. The organization is dedicated to tracking down how much products change in price.
Todd Marks of Consumer Reports told Koeppen that the cost of raw materials has gone up, which is what the companies contacted by CBS News said as well. Koeppen told viewers:
We contacted several of the companies that make the products mentioned in this story: Hershey's, Hellman's, Breyers and Kellogg's, and they all said that the rising cost of commodities has led to a change in the way they make and package some of their products. But they do point out that many of their products have not changed, but tough economic times have led to some changes.