President Biden's State of the Union Highlights 'Shrinkflation' Impact on Inflation

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Published Mar 9, 2024, 12:13 AM

President Joe Biden's State of the Union address focused on the concept of 'shrinkflation,' where companies reduce product sizes while maintaining prices due to inflation. Biden blamed inflation on his administration's policies, sparking debate on its causes and effects.

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Sources

The Washington Times

@WashTimes

“Shrinkflation is just another way of saying INFLATION—it means that you're losing a lot of money because these people don't know what they're doing.” https://t.co/JuUjUgWdCQ

Chicago Breaking News

@ChicagoBreaking

President Biden calls out ‘shrinkflation’ as part of a broader strategy to reframe how voters view the economy https://t.co/8itov1bYiP

WHYY News

@WHYYNews

Sen. Bob Casey introduced a bill that would ban shrinkflation and enable the government to pursue civil penalties in court against companies that do so. https://t.co/KAjo9AwzqT