The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips

NPR ^ | March 8, 2024 | Alina Selyukh

[xxqqzz]

During his State of the Union address, President Joe Biden reached for one of his top recent peeves: shrinkflation.

"Too many corporations raise prices to pad the profits, charging more and more for less and less," Biden said. He complained about skimpier Snickers bars and added: "The snack companies think you won't notice if they change the size of the bag and put a hell of a lot fewer — same size bag — put fewer chips in it."

Less coffee in a can, more air in a bag of cereal, fewer sheets in a toilet-paper roll — shrinkflation lets higher prices hide in plain sight without instantly shocking shoppers. NPR's Planet Money dubbed it "inflation's devious cousin."

[xxqqzz]

Kind of funny. Blame companies for inflation. Also, not taking on corporations on real issues.

[Governor Dinwiddie]

Blame inflation on Biden flooding the economy with Obama Bucks.

[Diana in Wisconsin]

DE-FUND National Pravda Radio!

[xp38]

Fewer sheets of toilet paper...I’m sure that concerns Brandon a lot. :)

[ClearCase_guy]

[ProtectOurFreedom]

Penny-ante concerns from a penny-ante brain.

Big picture, inflation is “too much money chasing too few goods.” All that matters is price/product quantity regardless of how you measure product quantity (number of chips, ounces, fluid ounces, grams, number of cookies, etc).

Inflation is ALWAYS and EVER caused by government.

Maybe printing FIVE TRILLION out of thin air to pay people to stay home and not produce anything for two years wasn’t such a good idea?

[Telepathic Intruder]

If you don’t like what one corporation is selling, you can go to another one. That’s one of the nicer things about the free market: competition. With socialism, competition is eliminated, and it never works for the benefit of the customer.

[Tijeras_Slim]

charging more and more for less and less

Government would never do this.

[LittleBillyInfidel]

Someone might want to tell PINO Drooling Spoon that these companies are only trying to hide the increased costs that due to HIS policies!

[BenLurkin]

Is NPR really so obtuse as to not recognize that the current inflation is the direct result of out of control Federal spending?

[plain talk]

“NPR’s Planet Money dubbed it “inflation’s devious cousin.””

… brought to you courtesy of Joe Biden’s energy and inflation policy.

[bigbob]

Biden will expect the Nobel prize in economics for this discovery

[cyclotic]

It takes a special kind of retard to think like Biden. My employer manufacturers about 500 SKU’s. The cost to change the label is about $20,000 per item.

Changing the size is not something companies do in a whim.

Biden’s pedophilia has rotted his brain

[gundog]

His proposed corporate tax increase will fix this. /s

[JennysCool]

Joe apparently has no clue that when you follow the dots — or, to be more accurate, line up the chips — they lead directly to him.

[DoodleBob]

I am a big fan of the Milton Friedman T-shirt with Metallica lettering.

[joesbucks]

I agree with the cause of inflation? But why are there too few goods? Is production output being restrained purposefully?

[joesbucks]

But there’s plenty of competitors. No one seems to be competing.

[clearcarbon]

"The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips"

Those companies were doing biden a favor by hiding the obscenely high inflation of bidenomics. Biden just turned around and bit them in the ass.

[ProtectOurFreedom]

It’s not so much too few goods as the ratio of money supply to product supply.

“Too few” doesn’t really mean not enough goods are being produced. It means too few in comparison to the dollars in circulation.