BBC

Businesses using ‘Skimpflation’ to keep profits up

Amid inflation, businesses are cutting services and quality. It’s called skimpflation, and you may not even notice it’s happening.Products on shelves are getting quantifiably smaller, yet you’re paying the same price: a practice known as ‘shrinkflation’. But in addition to shrinking products, businesses are also cutting back on the quality and availability of their services, […]