Bidenomics and the Global Phenomenon of Shrinkflation - The Case of Charmin Toilet Paper

"Bidenomics," a term coined to describe the economic policies and strategies implemented by President Joe Biden's administration, has had profound impacts both domestically and globally. Among the various economic phenomena observed, "shrinkflation" has become a notable point of discussion. Shrinkflation refers to the practice where companies reduce the size or quantity of their products while maintaining the same price. This subtle strategy is a way to pass on rising production costs to consumers without directly increasing prices. One striking example of this is the widely sold Charmin toilet paper, which has seen reductions in its dimensions and thickness.