‘Shrinkflation’: A Terrifying Omen for America Under Biden

Fri Jun 4, 2021 AT 9:52 AM EDT

“Shrinkflation” refers to the sneaky way businesses hide the fact that prices are rising as the dollar loses its strength. Customers may blame companies, but businesses have little choice but to pass on some of the cost to consumers. The real fault traces back to President Joe Biden and his strategy of printing money to shovel it to Democratic interest groups.

“Consumers are paying more for a growing range of household staples in ways that don’t show up on receipts — thinner rolls, lighter bags, smaller cans — as companies look to offset rising labor and materials costs without scaring off customers,” The Washington Post reported. “It’s 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.” Read Full Story

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