"Biden Condemns Snack Makers' Shrinkflation Tactics"

1 min read
Source: The Guardian
"Biden Condemns Snack Makers' Shrinkflation Tactics"
Photo: The Guardian
TL;DR Summary

President Joe Biden criticized food companies for engaging in "shrinkflation," where products are made smaller while prices remain the same, in a video released during the Super Bowl. He accused big consumer brands of attempting to deceive consumers and highlighted examples such as Gatorade, Breyers ice-cream, Tostitos, Doritos, and Oreo cookies. The criticism comes amid concerns about inflation, with some economists attributing it to factors like monetary policy stimulus, rising global energy prices due to the Ukraine conflict, and increased government spending.

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