shrinkflation

noun

1. (informal, neologism, uncountable)The practice of making products smaller while continuing to market them at the same price.

   “Chocolate bars are just the thin end of the wedge, though, and shrinkflation is happening in products right across the board.”

   “According to the UK Office for National Statistics (ONS), shrinkflation most commonly affects food, drink and household products such as toilet rolls, nappies, tissues and washing-up liquid.”

   “Major cereal brand Kelloggs has also been accused of shrinkflation. Since 2019, the company had moved from selling 670 gram Crunchy Nut boxes for $6 to selling 640 gram boxes at $9 a pop, Choice found.”

   “Consumer groups say shrinkflation is a widespread practice, which supermarkets like Carrefour are also guilty of in their own-label products.”