Shrinkflation and skimpflation
“We’ve all heard about rising inflation. The price of stuff is going up.
And if you read 'NPR Planet Money' newsletter, you’ve heard of shrinkflation. That’s when the price of stuff stays the same, but the amount you get goes down.
The economywide decline in service quality that we’re now seeing is something different, and it doesn’t have a good name. It’s a situation where we’re paying the same or more for services, but they kinda suck compared with what they used to be. 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.”