{"id":26954,"date":"2021-06-07T14:07:00","date_gmt":"2021-06-07T18:07:00","guid":{"rendered":"https:\/\/www.megalextoria.com\/wordpress\/?p=26954"},"modified":"2021-06-07T14:09:31","modified_gmt":"2021-06-07T18:09:31","slug":"shrinkflation-the-latest-consequence-of-reckless-federal-spending-explained","status":"publish","type":"post","link":"https:\/\/www.megalextoria.com\/wordpress\/index.php\/2021\/06\/07\/shrinkflation-the-latest-consequence-of-reckless-federal-spending-explained\/","title":{"rendered":"\u2018Shrinkflation\u2019: The Latest Consequence of Reckless Federal Spending, Explained"},"content":{"rendered":"

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We already know that <\/span>top inflation metrics have recently surged<\/span><\/a>, and executives at companies like Costco are <\/span>warning that price hikes are hurting their customers.<\/span><\/a> Now, there\u2019s a new inflation consequence hitting consumers: \u201cShrinkflation.\u201d<\/span><\/p>\n

I\u2019d never heard the term before today, but <\/span>new reporting<\/span><\/a> from the <\/span>Washington Post<\/span><\/em> explains how some companies are dealing with inflation in their supply costs by shrinking the <\/span>sizes<\/span> of their products, to avoid the customer backlash that comes with raising sticker prices.<\/span><\/p>\n

\u201cConsumers are paying more for a growing range of household staples in ways that don\u2019t show up on receipts \u2014 thinner rolls, lighter bags, smaller cans \u2014 as companies look to offset rising labor and materials costs without scaring off customers,\u201d the <\/span>Post<\/span><\/em> reports<\/span><\/a>. \u201cIt\u2019s a form of retail camouflage known as ‘shrinkflation,’ and economists and consumer advocates who track packaging expect it to become more pronounced as inflation ratchets up, taking hold of such everyday items such as paper towels, potato chips and diapers.\u201d<\/span><\/p>\n