Snickers is contradicting President Joe Biden’s claim that the size of its candy bars are being secretly reduced.
In his State of the Union address last Thursday, Biden accused snack companies of shrinkflation, a process whereby a manufacturer includes less product in packaging while not adjusting the price.
“Look, too many corporations raise prices to pad their profits, charging more and more for less and less. That’s why we’re cracking down on corporations that engage in price-gouging and deceptive pricing, from food to health care to housing,” Biden said. “In fact, the snack companies think you won’t notice if they change the size of the bag and put a hell of a lot fewer — same size bag — put fewer chips in it. No, I’m not joking. It’s called shrinkflation.”
Biden then specifically targeted Snickers.”You probably all saw that commercial on Snickers bars. You get charged the same amount and you […]
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