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Category

😹
Fun
Transcript
00:00Have you noticed that your favorite dish at your local restaurant is a little smaller?
00:04Or that there don't seem to be quite as many cookies in a packet?
00:07You may be experiencing shrink-flation when sellers respond to inflation not by raising
00:12prices but cutting costs.
00:14Seems like everyone's doing it.
00:16A small box of Kleenex has gone from 65 tissues to 60.
00:20A party-sized bag of Fritos scoops went from 18 ounces to 15 and a half.
00:24When it comes to snacks, inflation-imposed downsizing might be good for your health,
00:28but what's definitely not is shrink-flation's scarier cousin, skimp-flation.
00:33The term was coined by NPR's Planet Money to describe when companies start substituting
00:38cheaper ingredients in their products.
00:40If you examine the nutrition labels in your shopping cart, you might notice more sugars,
00:45sodium, and natural flavorings than before.
00:48Skimp-flation doesn't just refer to food, electronics might be made with cheaper parts,
00:53and there's noticeably less service at restaurants, bars, and hotels.
00:57For the same price, of course.
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