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WARREN WAGES WAR ON SHRINKFLATION
Sen. Elizabeth Warren is proposing legislation to combat “shrinkflation,” a phenomenon where companies reduce the size of their products but keep prices the same.
• Warren says this practice is a “sneaky way to raise prices on American families trying to feed their families.”
• The proposed bill would require companies to disclose when they reduce product sizes.
THE BIGGER PICTURE
“Shrinkflation” is not a new issue, but the COVID-19 pandemic has exacerbated it with rising costs and disrupted supply chains.
• Some critics argue that companies must reduce product sizes to keep up with increasing costs.
• Others believe that businesses should be more transparent about these changes.
TOPICS COVERED
#ConsumerProtection #Inflation
NOTE
AOL is a news outlet with a broad range of content, including politics and business. This article aligns with their general focus on consumer issues and economic news.
