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Consolidating PowerJune 10, 2022
Shrinkflation is getting real.
By Jon Miltimore, The Stream, June 9, 2022
The rise in consumer prices has rightly received a great deal of attention, as inflation hovers around 40-year highs. Everyone can see that virtually everything is getting more expensive, but fewer have noticed that many items are also getting smaller.
On Wednesday the Associated Press ran an article under the headline “No, you’re not imagining it — package sizes are shrinking.”
The AP spoke to one shopper, Alex Aspacher, who does a lot of shopping for his family of four in Ohio. He noticed he was still paying $9.99 for Swiss cheese even though the package had shrunk from a pound to 12 ounces. …