"President Biden Takes Aim at 'Shrinkflation' Tactics in Snack Industry"

1 min read
Source: CNBC
"President Biden Takes Aim at 'Shrinkflation' Tactics in Snack Industry"
Photo: CNBC
TL;DR Summary

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.

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