Rather than risk losing business by raising prices, corporations are turning to "shrinkflation" to pad their profits while consumers are left in the dark about the changes. "Shrinkflation or downsizing has been going on for decades," consumer watchdog Edgar Dworsky told Fox News. With downsizing, corporations found an underhanded way to increase their profits at the detriment of the consumer. And they’ve thus passed on that price increase without a lot of negative reaction from customers." "And they’ve thus passed on that price increase without a lot of negative reaction from customers."

Source: Fox News June 14, 2022 18:22 UTC