Doritos, Coco Pops and Peperami are about to shrink due to rising prices and slump in value of the pound

 
Shruti Tripathi Chopra
Follow Shruti
Peperami: It's a (smaller) bit of an animal. (Source: YouTube/PepsiCo)

Coco Pops boxes and bags of Doritos are set to shrink due to rising costs following the slump in the value of the pound.

The size of a large bag of Doritos has been cut 10 per cent to 180g while a £1 “grab bag” is becoming 12 per cent smaller to 90g.

“Like most businesses, we are facing factors such as fluctuating foreign exchange rates which are impacting the cost of ingredients and materials. As a result we’ve had to make a few changes to certain Doritos packs," a spokesperson for Doritos owner PepsiCo told the Guardian.

Boxes of Coco Pops will shrink by 80g to 720g but the price will remain £3.75. Smaller boxes of the cereal have been cut by 40g to 510g for the price of £2.69.

Read more: Premier Foods warns on profits (but at least mince pie sales are up)

Other snacks affected include Peperami packets of which have shrunk by 10 per cent to 22.5g while prices have remained the same at 79p a stick.

Read more: Your favourite chocolate bar could be getting a price hike after Brexit

Premier Foods, the supplier of iconic brands such as Mr Kipling cakes and Bisto gravy, is also in talks with its major retail customers about lifting prices due to a double whammy of weaker sterling and higher commodity costs.

City A.M. revealed in January that the listed food manufacturer has opened discussions with the likes of Tesco, Sainsbury’s and Asda due to growing cost pressures from the weaker pound in the wake of the EU referendum.

Related articles