noun

skimpflation

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Skimpflation (noun) means the practice of quietly making a product worse while still charging the same price for it.

noun

The practice of quietly making a product worse while still charging the same price for it.

"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." — Greg Rosalsky, Meet skimpflation: A reason inflation is worse than the government says it is (2021)

"Some economists have pegged a new word to this phenomenon where, rather than raise prices, companies cut services previously provided: skimpflation. Skimpflation could mean reduced staff, thus longer lines or phone hold times." — Sally French, One of the most basic hotel amenities is disappearing (2022)

"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." — Nicholas Dawson, Blow for Sainsbury's Bank customers with huge Nectar points change - 'really unfair!' (2022)

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