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this post was submitted on 12 Feb 2024
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politics
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This is the best summary I could come up with:
“There is no denying that shrinkflation is real and that it is having a measurable impact on family budgets,” concluded a December report published by Democratic Sen. Bob Casey of Pennsylvania.
The report found common household and grocery items noticeably decreased in size between January 2019 and October 2023, while unit prices rose more than 20%.
For example, a pack of Double-Stuffed Oreos now weigh 6% less, Gatorade bottles hold 12% less liquid, and a Walmart’s Great Value Ultra Strong paper towel roll has 28% fewer sheets, according to the report.
Biden also didn’t address the companies by name, although the video panned over snacks like Doritos, Wheat Thins and Gatorade, which were mentioned in Casey’s report.
A CNN poll conducted by SSRS last month found just 26% of Americans say they feel the economy is starting to recover from the problems it faced in the past few years, up 9 points from December 2022.
Most Americans who said the economy is still in a downturn cited inflation and the cost of living generally (50%) or the price of specific items like food (9%) or housing (7%), with many pointing to their own financial situations.
The original article contains 502 words, the summary contains 195 words. Saved 61%. I'm a bot and I'm open source!