Economist Shoots Down White House Shrinkflation Claims

Other economists assert that corporate greed is lifting inflation pressures.
Economist Shoots Down White House Shrinkflation Claims
A sign reading "Shrinkflation, This product has seen its weight decrease and the price charged by our supplier increase" at a Carrefour supermarket in Montesson near Paris, France, on Sept. 13, 2023. Sarah Meyssonnier/Reuters
Andrew Moran
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As inflation reaccelerates and price pressures remain elevated, President Joe Biden and his administration have repeatedly claimed that a combination of shrinkflation and greedflation has contributed to today’s persistent inflationary challenges. However, one economist says that how the private sector responds to inflation is not contributing to it.

Shrinkflation, the practice of reducing product packaging while keeping prices unchanged—whether the size of a bag of potato chips or the number of sheets in a roll of toilet paper—has been prevalent throughout the U.S. marketplace.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."