We are all keenly aware of price inflation. We notice those rising prices every time we go into a store. But the inflation boogeyman is hitting you even harder than you realize.
Not only are you paying more for pretty much everything you buy, you’re getting less. Literally.
It’s called shrinkflation. Rising prices don’t just hit consumers. In fact, they impact producers first. As the cost of materials, labor and equipment goes up, companies feel the pinch. Eventually, they pass those costs on to their customers.But raising prices is bad for business, so sometimes, companies find other ways […]
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