Skimpflation’ Could Be the Sneakiest Consumer Grift

Our friends over at the Big Take podcast recently released an episode about the trend of “Skimpflation” - when a product or service drops in quality but the price is the same. Please enjoy, and hop on over to subscribe to their feed if you like what you hear!——From margarine to chocolate treats, some brands are swapping in cheaper ingredients to save money on their most beloved products. It’s a trend known as “skimpflation.” But what happens when consumers start to notice?On today’s Big Take podcast, Stacey Vanek Smith hears from Brad Reese, grandson of the Reese’s Peanut Butter Cup creator, about his crusade against the practice, the multi-million-dollar cottage industry that’s formed around it and the economic conditions that got us here in the first place.Read more: How Brands Sneak In Cheaper Ingredients to Protect Their Profit MarginsWe have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.See omnystudio.com/listener for privacy information.