Currently, manufacturers are reducing the size or quantity of products while maintaining or increasing prices. This practice, called shrinkflation, has drawn attention recently, with President Biden and Cookie Monster expressing their disapproval. A bill aims to empower the Federal Trade Commission to curb shrinkflation through regulations and legal actions. Consumers can combat shrinkflation by carefully observing changes in product sizes and considering alternative brands or retailers. By being mindful of their purchases, consumers can potentially reduce their grocery expenses.
