Super BowlThis is a special moment when sales of drinks and snacks are increasing rapidly, butbidenOn the 11th, before the Super Bowl, the President called on snack companies to stop shrink inflation, and called this practice of reducing product sizes but keeping prices the same as “extortion.”
On the day the Super Bowl is about to start, Biden released a video without notice.
“Give me a break. The American public is tired of being screwed around, and I’m calling on companies to stop this behavior and let’s make sure companies do the right thing now.”
Biden did not offer solutions or policies, nor did he name any specific companies, but several brand names appeared in the video, including Gatorade, Doritos, Breyers and Tostitos.
“We are grateful to the President for diverting attention from inflation, which has been a problem during his administration,” David Chavern, president and CEO of the Consumer Brands Association, said in a statement. Wayne said in a statement. Looking forward to working with Biden to find “real solutions that benefit consumers.”
PepsiCo, whose brands include Catalan, Doritos and Tostitos, and Unilever, which makes Breyers ice cream, have not yet commented.
Senator Bob Casey released a report in December that highlighted the impact of shrinking paper sizes on everything from toilet paper to Oreo cookies.
The report noted that compared with January 2019, the unit price of domestic paper products increased by 34.9%, of which about 10.3% of the price increase was due to manufacturers reducing the size of roll paper and packaging.
According to the report, the price of snacks like Oreos and Doritos increased by 26.4% during the same period, with decreased portion sizes accounting for a 9.8% increase in price.
A Reuters/Ipsos poll released last month showed that although inflation appears to be slowing, the economy is still Americans’ top concern, with 22% of respondents worried about the economy. They are dealing with inflation and COVID-19pandemicAfter-effects of collision.