Skimpflation

Quick meaning: Skimpflation is a noun meaning (economics, informal, neologism) The practice of reducing the quality of products while continuing to market them at the same price.

Meaning

(economics, informal, neologism) The practice of reducing the quality of products while continuing to market them at the same price.

Example Sentences

Sadly it's a sign of the times, and consumers will have to get used to this practice of skimpflation, where brands reduce the value of their services to remain profitable.

We propose a new word to describe this stealth-ninja kind of inflation: skimpflation. It's when, instead of simply raising prices, companies skimp on the goods and services they provide.

How To Be A Savvy Shopper Amidst Skimpflation […] And while it might require a little more time and energy in the aisles, there are ways to prevent your diet from suffering amidst inflation.

"This is now called Skimpflation, which means a manufacturer has reformulated one of its products, usually with cheaper ingredients," says Dworsky, a former Massachusetts Assistant Attorney General in consumer protection.

Related Words

Related dictionary entries include shrinkflation, disinflation, cost cutting, cheapening, mudflation, scrappage.

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