"Addressing Shrinkflation: Biden's Call for Snack Companies to Stop Downsizing"

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Source: Reuters
"Addressing Shrinkflation: Biden's Call for Snack Companies to Stop Downsizing"
Photo: Reuters
TL;DR Summary

President Joe Biden called on snack companies to stop shrinkflation, where product sizes are reduced while prices remain the same, ahead of the Super Bowl. He criticized the practice as a "rip-off" and urged companies to do the right thing. While not offering specific solutions, Biden's call comes amid concerns about inflation, with a recent report showing the impact of smaller product sizes on prices. Senator Bob Casey has also sought answers from trade associations about pricing strategies and shrinkflation's effects on customers.

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