As the government attempts to stabilize consumer prices by exerting pressure on the food industry, there s an emerging trend where businesses maintain the same prices for their products but reduce their physical size. Consumer groups contend that this strategy effectively acts as a hidden price hike.
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
Shrinkflation isn t just happening at the grocery store and the drive-thru lane. Skimping has been present in American healthcare for more than a decade.