consumer-advocacy2.62 min read "President Biden Takes Aim at 'Shrinkflation' Tactics in Snack Industry"
President Joe Biden called out snack companies for engaging in "shrinkflation," where products are downsized while prices remain the same or increase, labeling it a "rip off." This practice has become more prevalent amid high inflation, prompting consumer awareness and concern. Senator Bob Casey also criticized the trend, citing a report that detailed its effects on household products. Consumers are advised to monitor product sizes and be mindful of downsizing tactics when making purchases.
1 year ago•Source: CNBC