Consumer News Round-up: Consumers paying more due to shrinkflation, new insurance renewal rules and most believe Brexit will lead to food and drink price rises
European Consumer Centre (ECC) Ireland presents a round-up of the week’s consumer news – in case you missed it!
Consumer News Round-up – week ending 18th October 2019
Consumers paying more for less because of shrinkflation
It’s been clear for some time now that consumers are now paying more for less because of the growing trend of shrinkflation. Conor Pope looks at some of the top brands who have been reducing products such as chocolates but not reducing the price.
Central Bank new rules on insurance renewal notices
The Central Bank is to bring in new rules that will help ensure that consumers are better informed when their insurance policies are due for renewal. Under the rules, renewal notices will have to be sent to policy holders 20 days in advance of when the cover expires, rather than the current 15 days.
Read the full article here: ‘New insurance renewal measures coming to help inform consumer decisions’, RTÉ Business, 15th October 2019.
Survey finds most Irish consumers believe Brexit will lead to food and drink price rises
According to the results of an iReach survey, most Irish consumers believe that Brexit will lead to price rises for food and drink products.