Biden Administration Points to 'Shrinkflation' in Blaming Corporations for Inflation Woes

Shrinkflation refers to companies giving consumers less product for the same price to pad profits. The Biden administration is using the term to blame corporations, not their policies, for inflation.

Biden administration and Democrats contend shrinkflation is corporate greed, while Republicans blame administration overspending and Federal Reserve policies for inflation.

Biden has called out shrinkflation in speeches and social media posts, even referencing Cookie Monster noticing smaller cookies. His pivot raises questions about deflecting blame for high inflation.

Key liberal lawmakers like Warren and Sanders have also decried shrinkflation by big companies on snacks like Doritos and Oreos.

Ahead of his State of the Union address, Biden is touting economic bright spots to shore up support, but his approval ratings on the economy remain low.