Biden to Call Out 'Shrinkflation' and Corporate Greed Over High Grocery Prices in State of the Union
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Biden plans to criticize "shrinkflation" and corporate greed over high grocery prices in his State of the Union address. He sees it as a relatable way to acknowledge lingering financial pressures.
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Biden has embraced the concept of "shrinkflation" - fewer chips in a bag for the same price. Polling shows the messaging resonates with people.
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Biden likely to endorse legislative efforts to tackle price gouging and shrinkflation, though GOP support is unlikely. Could require companies to explain price hikes.
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Biden frustrated by stubbornly high grocery prices and their impact on people's views of the economy. Wants to directly address the issue.
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White House expected to tout blocking of Kroger-Albertsons merger as a populist victory in the speech. Seen as Biden challenging consolidation and corporate power.