Biden Targets 'Shrinkflation' in State of the Union Address

President Joe Biden is set to criticize the practice of 'shrinkflation' during his State of the Union address, framing it as a form of corporate greed.

• President Joe Biden will address 'shrinkflation' in his State of the Union, highlighting it as a significant issue of corporate greed.
• The White House has included references to shrinkflation in recent drafts of Biden's speech as part of efforts to pressure companies to lower costs.
• Critics argue that Biden's focus on shrinkflation is an attempt to deflect blame for inflation from his administration's policies.
• Shrinkflation, where companies reduce product sizes but maintain prices, has been a topic of bipartisan concern, factored into inflation statistics.
• Biden's proposed solutions to shrinkflation, including a new task force, could lead to higher prices if companies are forced to maintain product sizes.

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