66. Shrinkflation: A Shady, Shrouded, but Sanctioned Business Strategy

What this episode covers

We needed a bit of a palette cleanser, so Megan is bringing us back into the world of white-collar crime. However, today's case is TECHNICALLY legal, it doesn't make it any less shady. Shrinkflation is when a company makes changes to a product, reducing its value, while keeping the price the same or even increasing the price ever so slightly. This entirely legal practice is yet another way for companies to cut corners at the expense of consumers. BUT we're here to help you stay informed and know what to look for! SOURCES:https://www.cnn.com/2024/10/07/business/skimpflation-whole-food-ingredients/index.htmlhttps://www.stlouisfed.org/publications/page-one-economics/2022/12/01/beyond-inflation-numbers-shrinkflation-and-skimpflationhttps://www.cbsnews.com/news/skimpflation-inflation-reducing-food-service-quality/https://www.bbc.com/worklife/article/20231003-skimpflation-an-even-sneakier-form-of-shrinkflationhttps://www.axios.com/2023/12/01/skimpflation-prices-inflationhttps://www.ipsos.com/en/data-dive-shoppers-noticing-shrinkflation-skimpflation-amid-cost-living-crisishttps://www.cbsnews.com/boston/news/skimpflation-grocery-shopping-edgar-dworsky-consumer-world/https://fortune.com/europe/2023/12/29/skimpflation-shrinkflation-barclays-supermarkets-2023-price-inflation/https://www.linkedin.com/pulse/what-skimpflation-mohamad-kinan-othman-0wqhf/https://blog.bham.ac.uk/business-school/2023/10/10/shrinkflation-and-skimpflation-a-permanent-loss-in-what-your-money-can-buy/https://www.thedailymeal.com/1709226/what-is-skimpflation-explained/https://www.fns.usda.gov/snap/farmers-markets-accepting-benefitshttps://www.nbcsandiego.com/news/local/how-are-shrinkflation-and-skimpflation-hurting-your-pockets/3085950/ https://en.wikipedia.org/wiki/Shrinkflation https://www.bbc.com/news/business-66809188https://www.forbes.com/sites/markfaithfull/2023/09/15/so-size-does-matter-as-carrefour-calls-out-shrinkflation-in-stores/

PodParley-generated summary based on available episode metadata and transcript content.