I've told a related story from the same time period on here before about how they stopped putting handles on the large 4L ice cream buckets so they could save 1¢ per bucket. That was the same summer.
[edit] and of course 12oz has replaced 16oz as the “standard” size.
One of the things I like about grocery shopping is practicing mental math, and I calculate price per quantity mentally when choosing between different brands/sizes. It's good mental exercise, and the ability to do that sort of division mentally occasionally is helpful in other contexts.
In most of Europe (probably all the EU countries at least, unified regulations yay) shops need to put the price per 1kg/100g/1L/100mL on the tags, depending on which is most appropriate for the product.
https://www.theguardian.com/business/2017/jul/24/sweets-are-...