Lawmakers Demand CEOs End 'Shrinkflation' and Profiteering by Major Food and Beverage Companies

Oct 7, 2024, 04:26 PM

Two Democratic lawmakers, Sen. Elizabeth Warren and Pa. Rep. Madeleine Dean, are demanding that major food and beverage companies cease the practice of 'shrinkflation,' which involves reducing product sizes while maintaining or increasing prices. Companies such as Coca-Cola, PepsiCo, and General Mills have been accused of profiteering from this practice. The lawmakers argue that this tactic unfairly burdens consumers. The CEOs of these companies are specifically being called upon to address the issue.