Soaring Prices Trigger The Return of 'Shrinkflation'▼

Business

Published 629d ago

Most economists are focused on the price of commodities, wages and other basic goods and services. But history suggests they might want to keep an eye on a related phenomenon that often escapes unnoticed: so-called "shrinkflation". Same price but for a slightly smaller product. Bloomberg's Romaine Bostick reports on how the pandemic and soaring prices have triggered the return of "shrinkflation". Source