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i just want what s best for my kids. one s not ever going to turn eleven. reporter: catastrophic flash flooding hit southwest virginia, dozens reported missing and more than 100 homes have been destroyed, we ll have the latest. president biden visits the middle east. as the president arrives in israel today, how dealing with a nuclear iran is at the top of the agenda. shark attack, this long island beach shut down the second time this month, how a surfer fought the tiger shark off. and history at the capitol: honoring a civil rights leader as she becomes the first black american in national statuary hall. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening to our viewers in the west, and thank you for joining us on this busy wednesday night. we begin tonight with another staggering report on inflation as prices are rising at the fastest pace in 41 years. the consumer price index for june jum ....
with a man who lost his ten-year-old. i just want what s best for my kids. one s not ever going to turn eleven. reporter: catastrophic flash flooding hit southwest virginia, dozens reported missing and more than 100 homes have been destroyed. we ll have the latest. president biden visits the middle east. as the president arrives in israel today, how dealing with a nuclear iran is at the top of the agenda. shark attack, this long island beach shut down the second time this month, how a surfer fought the tiger shark off. and history at the capitol honoring a civil rights leader as she becomes the first black american in national statuary hall. this is the cbs evening news with norah o donnell, reporting from the nation s capital. o donnell: good evening and thank you for joining us on this busy wednesday night. we begin tonight with another staggering report on inflation as prices are rising at the fastest pace in 41 years. the consumer price index f ....
Of shrinkflation, even when prices are not going up, consumers are getting less bang for their buck. cbs s carter evans explains. reporter: the next time you re shopping check closely. this life cereal box recently got taller but lost 2.5 ounces, that s almost a bowl and a half of cereal. experts call it shrinkflation. unfortunately, we re in the middle of a tidal wave of shrinkflation because of inflation. reporter: ed dworsky, a former assistant attorney general in massachusetts founded consumerworld.org which exposes shrinkflation. it s a very sneaky way to pass on a price increase. reporter: but he says companies are dealing with rising costs just like the rest of us. they know consumers will notice a direct price increase but they won t notice if the product gets a little bit smaller. reporter: these charmin toilet paper packages look the same but dworsky says the roll got shorter by 30 sheets. ....
A lot of things have to change. really look closely at what the return policies are. if you don t have a receipt, don t bother asking for cash. and number two, do some research before you go into the store. there s a website consumerworld.org. and it just published its annual return policy survey. you should take a look at that. yes. there s no question about it. everybody should take a look at all of that stuff because you re not playing games anymore. i used to be able to go in just like you into nordstrom, easy to return things, now you have to go through a long process. now, another reason that target, by the way is not hiring as many people this year, let s also remember that online shopping isn t just something that s starting. it is something that is part of the mainstream of our economy. so that s one of the reasons they re pulling back and that s another reason why those return policies, you know, are more arduo arduous, because they re making less money across the board. ....