Description

We needed a bit of a palette cleanser, so Megan is bringing us back into the world of white-collar crime. However, today's case is TECHNICALLY legal, it doesn't make it any less shady. Shrinkflation is when a company makes changes to a product, reducing its value, while keeping the price the same or even increasing the price ever so slightly. This entirely legal practice is yet another way for companies to cut corners at the expense of consumers. BUT we're here to help you stay informed and know what to look for!

SOURCES:

https://www.cnn.com/2024/10/07/business/skimpflation-whole-food-ingredients/index.html

https://www.stlouisfed.org/publications/page-one-economics/2022/12/01/beyond-inflation-numbers-shrinkflation-and-skimpflation

https://www.cbsnews.com/news/skimpflation-inflation-reducing-food-service-quality/

https://www.bbc.com/worklife/article/20231003-skimpflation-an-even-sneakier-form-of-shrinkflation

https://www.axios.com/2023/12/01/skimpflation-prices-inflation

https://www.ipsos.com/en/data-dive-shoppers-noticing-shrinkflation-skimpflation-amid-cost-living-crisis

https://www.cbsnews.com/boston/news/skimpflation-grocery-shopping-edgar-dworsky-consumer-world/

https://fortune.com/europe/2023/12/29/skimpflation-shrinkflation-barclays-supermarkets-2023-price-inflation/

https://www.linkedin.com/pulse/what-skimpflation-mohamad-kinan-othman-0wqhf/

https://blog.bham.ac.uk/business-school/2023/10/10/shrinkflation-and-skimpflation-a-permanent-loss-in-what-your-money-can-buy/

https://www.thedailymeal.com/1709226/what-is-skimpflation-explained/

https://www.fns.usda.gov/snap/farmers-markets-accepting-benefits

https://www.nbcsandiego.com/news/local/how-are-shrinkflation-and-skimpflation-hurting-your-pockets/3085950/ 

https://en.wikipedia.org/wiki/Shrinkflation 

https://www.bbc.com/news/business-66809188

https://www.forbes.com/sites/markfaithfull/2023/09/15/so-size-does-matter-as-carrefour-calls-out-shrinkflation-in-stores/