Memphis families suffering from ‘shrinkflation’ over high gas and grocery prices but don’t blame Biden
People in Memphis, Tennessee detailed their struggles with high gas and grocery prices as inflation remains painfully high.
"You are paying the same amount of money, but there’s less product," said Ronald, a lifelong Memphis resident. "I think, what they call it – shrinkflation?"
Latest inflation numbers released on Tuesday showed consumer prices up in August – gas, groceries and rents rising 8.3% in August from a year ago.
BIDEN CELEBRATES ‘INFLATION REDUCTION ACT’ AFTER INFLATION RISES IN AUGUST
"I mean, the grocery prices is ridiculous," said Willette Hart as she headed into her local supermarket.