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DeepNewz, mobile.
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President Biden is facing criticism for 'shrinkflation,' a practice where companies reduce product sizes while maintaining or increasing prices. Democratic politicians, including Biden, are targeting this issue. Senator Warren advocates cracking down on shrinkflation and corporate price gouging. Biden's stance on addressing shrinkflation and price-gouging has drawn comparisons to Teddy Roosevelt, with concerns raised about high corporate profits impacting inflation rates.
It’s time to crack down on shrinkflation and corporate price gouging. https://t.co/ESFUAkC9FS
Biden can sound like Teddy Roosevelt, the way he harangues big companies for "price-gouging" and "shrinkflation." Still, he's onto something. Profits have stayed strangely high and this seems to explain why inflation hasn't fallen even more. My column: https://t.co/AA4MVqaikW https://t.co/PlwvcpuJLv
“Shrinkflation refers to when companies shave the corner off a chunk of soap ... and still charge the same or higher prices,” @loracorkelley writes in The Atlantic Daily. “And it has become a convenient target for Democratic politicians, Biden included.” https://t.co/vPql9jlTLa