OnewsO: Here's What You Need to Know About Grocery Store Shrinkflation

Here's What You Need to Know About Grocery Store Shrinkflation

Unfortunate as it is for our food budgets, grocery store inflation is old news. The price tag on pantry essentials and specialty products alike have been steadily creeping up for a while now, thanks to supply chain issues and rising manufacturing costs. Now, companies are employing another, sneakier strategy to save themselves money.

Shrinkflation, or the phenomenon of products shrinking while staying the same price as their larger version, has come for your favorite grocery store finds. While the profit-boosting tactic isn't new, it's becoming a whole lot more common. Here's what you need to know about shrinkflation and how it could play out at the store and in your kitchen.