Biden calls on snack companies to stop shrinkflation

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U.S. President Joe Biden called on snack companies to stop shrinkflation, which is when businesses cut product sizes but keep prices the same. Biden described the practice as 'a rip-off' and urged companies to do the right thing. Although inflation appears to be slowing, the economy remains Americans' overall top concern. Biden did not name any specific companies but showed several brands in a video, including Gatorade, Doritos, Breyers, and Tostitos. Since taking office, Biden has advocated for lower supermarket prices and has pushed for lower drug costs and reduced fees in various industries.

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https://finance.yahoo.com/news/biden-calls-snack-companies-stop-171303583.html