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  1. Jul 2021
    1. <small><cite class='h-cite via'> <span class='p-author h-card'>Greg Rosalsky</span> in Products Are Shrinking. Beware Of 'Shrinkflation,' Inflation's Devious Cousin : Planet Money : NPR (<time class='dt-published'>07/22/2021 09:06:12</time>)</cite></small>

    1. For consumers seeking the best price per ounce, the most value is normally in our larger boxes of cereal," says Kelsey Roemhildt, a General Mills spokesperson. "This change also allows more efficient truck loading leading to fewer trucks on the road and fewer gallons of fuel used, which is important in both reducing global emissions as well as offsetting increased costs associated with inflation." General Mills' reframing of its shrinkflation seems to be pretty typical of Corporate America. Companies often sell downsizing as a way to help the environment, offer consumers more choice, or improve the quality of their products. When a spokesperson for Charmin, for example, was confronted by reporters at WBUR about shrinking the size of their toilet sheet squares, she suggested it was the result of "innovations" that allow consumers to, basically, wipe their butts more efficiently.

      So in addition to sketchy economic and psy-ops practices, they're also engaging in greenwashing as well.

    2. Downsizing and shrinkflation mean the same thing Dworsky is a former Massachusetts assistant attorney general and longtime consumer advocate. He has spent decades tracking instances of companies shrinking products on his website Mouseprint. He refers to it by its original name, downsizing, but economist Pippa Malmgren rechristened it "shrinkflation" about a decade ago, and the term stuck. Downsizing and shrinkflation both refer to the same thing: companies reducing the size or quantity of their products while charging the same price or even more.

      The idea of shrinkflation and the fact that it works indicates that the majority of consumers are not rational actors that classical economics would indicate or they would be much more aware of these changes in pricing.

      Another example of this sort are the domed bottoms of jars/bottles which remove product while keeping the same packaging, which further hides the bait-and-switch operation.

    3. Downsizing and shrinkflation mean the same thing Dworsky is a former Massachusetts assistant attorney general and longtime consumer advocate. He has spent decades tracking instances of companies shrinking products on his website Mouseprint. He refers to it by its original name, downsizing, but economist Pippa Malmgren rechristened it "shrinkflation" about a decade ago, and the term stuck. Downsizing and shrinkflation both refer to the same thing: companies reducing the size or quantity of their products while charging the same price or even more.