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In economics, shrinkflation, also known as package downsizing, weight-out, [2] and price pack architecture [3] is the process of items shrinking in size or quantity while the prices remain the same. [4] [5] The word is a portmanteau of the words shrink and inflation. Skimpflation involves a reformulation or other reduction in quality. [6]
Shrinkflation can often be tough to document or even pick up on, given that many people don't keep older packages of, say, toilet paper or cereal on hand with which to compare newer purchases ...
Consumers really started to notice shrinkflation in 2022 when inflation was its peak, according to a poll from Morning Consult. It hit the snack category especially hard, making it that much more ...
Shrinkflation and skimpflation meant shoppers spent more on grocery items for less value as their ... Inflation in the U.K. has cooled down in recent months but still remains much higher at 4.6% ...
The inflation data from the Bureau of Labor Statistics that serves as the foundation of the USDA's forecasting takes into account shrinkflation, the practice of charging the same price for less ...
“It's called shrinkflation,” Biden said in his State of the Union speech on Thursday night. ... Even as inflation has drifted down to 3.1% annually, shoppers are still worried about paying a ...
Shrinkflation is just inflation by another name, and two other facts to keep in mind during tonight's State of the Union address. Shrinkflation is just inflation by another name, and two other ...
Shrinkflation happens when manufacturers reduce the quantity or size of a product without reducing the price. Shrinkflation often crops up when inflation increases manufacturer costs or ...