24 Hrs
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المصري اليوم
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Companies use fixed prices to avoid consumers and hike costs
Trading companies often engage in a phenomenon of reducing the weight or size of products while keeping the price the same. This is a tactic to increase profits without directly raising prices. This practice is more common in food products and clothing, where manufacturers decrease the amount of fabric or weight without informing consumers, leading to paying the same price for a lesser quantity. The head of the Consumer Protection Union explained that labeling the weight or quantity on the packaging is very important, and that these practices are considered legal violations amounting to commercial fraud. Some companies use them to avoid directly increasing prices, with oversight from relevant authorities and community efforts to detect such practices.
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