President Biden Urges Snack Companies to End Shrinkflation in Video Address
In a video message posted on social media platform X, President Joe Biden called on snack companies to cease the practice of shrinkflation, which involves reducing product sizes while keeping prices the same. The President referred to this practice as “a rip-off” and urged businesses to “do the right thing” and put an end to it. Although Biden did not provide specific solutions or policies to tackle this issue, he highlighted the frustration of the American public, who feel deceived by companies shrinking products incrementally in the hopes that consumers won’t notice.
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