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A parallel to shrinkflation is currency debasement. This graph shows decline in coin silver content over the history of the Roman Empire. Shrinkflation is a rise in the general price level of goods per unit of weight or volume, brought about by a reduction in the weight or size of the item sold.
Debasement lowers the intrinsic value of the coinage and so more coins can be made with the same quantity of precious metal. If done too frequently, debasement may lead to a new coin being adopted as a standard currency, as when the Ottoman akçe was replaced by the kuruş (1 kuruş = 120 akçe), with the para (1/40 kuruş) as a subunit.
"Shrinkflation" — when companies charge the same for smaller sizes — is a sneaky way to raise prices. Read on to see what kind of products have shrunk the most. Shrinkflation hits 1 in 3 ...
Shrinkflation is just inflation by another name, and two other facts to keep in mind during tonight's State of the Union address.
The effects of shrinkflation at dollar stores are massive because of the stores’ omnipresence. Dollar General has the most locations of any U.S. retailer, with 19,000 locations .
This chart shows all of the coin types, and their sizes, grouped by coins of similar size and by general composition. [1] Seven distinct types of coin composition have been used over the past 200 years: three base coin alloys, two silver alloys, gold, and in recent years, platinum and palladium.
A supermarket chain is shaming suppliers like PepsiCo over ‘shrinkflation’—by labeling examples on shelves. Steve Mollman. September 16, 2023 at 11:02 AM. THOMAS SAMSON/AFP via Getty Images.
Silver also found its way across other parts of the world as well. India and Europe both received a fair amount of silver. [14] This silver was often locally traded for other commodities, such as gold or crops. In India, silver flowed from the south to the north, and gold flowed the opposite way. [14]