We all have been faced with noticeable price changes, especially at the grocery store, that have been blamed on inflation. Inflation, shrinkflation, and greedflation have all had a role to play. Inflation is a “normal” economic principle where prices increase over time for consumer goods and services. This happens as the cost of raw materials increases because of scarcity, higher labor costs, war, etc. It’s usually measured annually. Shrinkflation is when a company decreases the size of a product – beverages, candy bars, bags of chips – but maintains the price in order to boost or maintain profits. Greedflation is when companies excessi...