"Cracking Down on Shrinkflation: Biden's Plan to Tackle Corporate Greed and Smaller Groceries"
Originally Published 1 year ago — by The New York Times
"Shrinkflation," the practice of downsizing products without reducing prices, has been a long-standing strategy by companies to avoid raising prices. While it's not a new phenomenon, recent consumer outrage and President Biden's comments have brought attention to the issue. This trend, known as "shrinkflation," raises questions about its impact on inflation data and its economic implications for consumers. Despite the recent attention, shrinkflation appears to be less prevalent today than it was a few years ago.
