President Biden is addressing the issue of 'shrinkflation,' where companies reduce product sizes while maintaining prices. Senator Baldwin criticizes big corporations for this tactic, calling for transparency. The Bureau of Labor Statistics reports an 18% price increase under Biden's administration. 'Shrinkflation' is seen as a survival strategy against 'Bidenomics.' Various terms related to inflation are discussed in the context of current economic conditions.
Shrinkflation. Greedflation. Excuseflation. Drip pricing. Sellers inflation. Immaculate disinflation. Here's what they mean in these inflationary times https://t.co/Pc5ZCY2F2t
Shrinkflation = Bidenflation https://t.co/dbtwhVxpLt
I is for the inflation that’s ripping them off. According to the Bureau of Labor Statistics, prices paid by businesses and consumers alike have increased 18% on average since Biden took office. “Shrinkflation” is businesses trying to survive Bidenomics by minimizing price… https://t.co/On2l8SDoBV
Charging consumers the same price for less product isn’t inflation, it’s shrinkflation. Big corporations have been using this deceptive tactic to boost their bottom lines and it’s wrong. Americans deserve transparency and I’m determined to get it. https://t.co/hdIm9beTSC
C is for consumers getting ripped off. President Biden is calling on companies to put a stop to shrinkflation. https://t.co/4bkX8o3irI