"Biden's Battle Against 'Shrinkflation' and Unscripted Moments"

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Source: The Associated Press
"Biden's Battle Against 'Shrinkflation' and Unscripted Moments"
Photo: The Associated Press
TL;DR Summary

President Biden is focusing on "shrinkflation" as part of a broader strategy to shift blame for high prices onto big businesses and reframe how voters view the economy ahead of the November election. Shrinkflation refers to companies subtly raising prices by reducing product sizes, and Biden is attempting to show he's fighting for everyday people amid concerns about inflation. Critics argue that companies might have raised list prices instead, potentially upsetting consumers more. Republicans blame Biden's spending for inflation, while a liberal group found shrinkflation played a modest role in price increases. Some companies have defended reduced package sizes as a way to manage costs and address climate change. Sen. Bob Casey has introduced a bill to ban shrinkflation, which Biden endorsed in his State of the Union speech.

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