Daily News | How shrinkflation hurts us, from more expensive toilet paper to fewer Doritos in a bag
, accused a spectrum of industries — including meat packers, railroad, trucking, and shipping companies — of using the pandemic as cover for raising prices. Companies “pretend like they have no choice but to inflate prices at the same time they brag of enormous profits and payouts to their shareholders,” Herrig said.of companies that began raising retail prices in earnest last year, according to its most recent earnings call.
Even the Golden Arches has grappled with food costs by trimming portion size. McDonald’s offerings “are shrinking. Prices are going up. It’s just insane what’s happening in the restaurant industry,” former McDonald’s USA CEO Ed RensiMany “goods” in a modern economy are a bundle of services — which could be shrinking, as well.
Lee Lewis, who owns and operates Exit000Skincare, based in West Cape May, N.J., said the economic recovery has been a mixed blessing.