Posted 2/26/2024, 3:02:21 PM
Biden Takes Aim at 'Shrinkflation' and Corporate Price Gouging
- Biden targets "shrinkflation," companies reducing product sizes without lowering prices
- Shoppers remain angry over high grocery prices, despite moderating overall inflation
- Biden blames corporations for padded profits and "ripping off" Americans with shrinkflation
- Biden considers executive actions and FTC legislation to crack down on price gouging
- Biden will criticize shrinkflation in upcoming State of the Union speech
