Topic: Shrinkflation (Read 403 times)

For me to combat inflation if I were running a company i will do some measures to be able to cope up with the inflation. I would increase prices that is acceptable to the customers. Reducing expenses by cost cutting or finding more efficient ways to operate. Try to negotiate to the suppliers to ask for price support or reduce the prices of the goods that they are supplying to the company. Diversifying revenue can help as well by expanding or offering new products or services. So it would depends on the company what is the best solution to cope up against inflation.

I think that's a misnomer is a bad and not good solution as you say "reduce the quantity (and often the quality) of product to sell it at the same price as before" and another option I think is to adjust its pricing strategy to reflect changes in inflation, rather than using the depreciation model. Yes, I think this is deemed necessary and a consideration for companies to contain and fight inflation in the framework of increasing production and distribution efficiency to reduce costs without sacrificing quality or quantity.

That's a marketing strategy to remain in business. Because not everyone understands inflation, a company cannot simply increase the prices of its products as it may disappoint customers. So, you don't have to hate it, just accept the reality that we are all affected by inflation and businesses are trying to keep their companies surviving during these tough times.

This sounds nice in theory but in practice those managing a company respond to the stock holders of such company, and those people care about the profits their business can produce, and if they concentrated on the quality of the products they offer regardless of the profits they can produce they will soon find themselves without a job.

So measures like offering less product for the same price are measures which are implemented relatively quickly and which are not temporal at all, and I know this is true as I take the time to look at the price of everything when I buy my groceries, and over the years many goods have reduced the product they offer and increased the price at which they offer it.

If I were running a company and faced with the challenge of inflation, my first priority would be to maintain the quality and quantity of my products or services. I believe it is important to maintain customer satisfaction and brand reputation, and reducing the quality or quantity of products is not a sustainable solution.

However, simply maintaining quality and quantity may not be enough to combat inflation. One strategy I would consider is to innovate by developing new products or services that are less affected by inflation or that can command higher prices. This may involve investing in research and development or exploring new markets.

Business is business, and everything else is irrelevant, considering that we have already become a society that is almost completely dependent on producers and sellers, and self-sustainability is becoming a fairy tale that even children no longer believe in. When the system makes you an "addict", then it is very easy to manipulate you, even if you realize that you are being manipulated.

A good article for those who want to see how it looks on concrete examples -> Here's what that looks like.

What about those companies that decrease the size and the quantity yet sell it at a higher price not only to fight inflation but also to stay profitable during these hard times without having any care for their consumers? Yes, that happens and we can always see that happening at lower scales and companies that are not too famous or average.

Personally, as you said, I wouldn't mind getting the exact same product that I like at a little bit of a higher price if the quality is the same, or, it is also not bad if the quantity is decreased but the quality is intact and the price is the same.

Not only that, these companies then have the audacity to still increase the underlying prices on these reduced quality and quality products a few months later. I can understand if there is an actual issue with ingredients going up in price and that will be an element of it, but you so often hear about increased profits in these companies too. There are definitely limits though and consumers are getting much more savvy to these type of hikes, when the quality drops especially it makes it easier to jump over to rival products which may even start to become superior. These big companies often walk a very fine line between covering increased costs and pushing away long term buyers of their products, thankfully it is much more visible now and backlashes can often cost them more money if they're caught.

Diverting company funds to buy bitcoins can be an effective strategy to fight inflation in the long term, as bitcoins are considered relatively stable assets against inflation and movements in the value of other currencies. You should consider your company's risk profile and liquidity needs before deciding to invest in bitcoins. Investing in bitcoins may not be suitable if your company requires high liquidity or has a low risk profile.

Moving funds back from bitcoin to the company once things are back to normal can be a good move to reallocate funds to more active business operations. However, you should consider the fluctuations in the bitcoin price at the time, and sell bitcoins at the right time to maximize profits.

It's not that simple with the current situation. The inflation we're currently experiencing is "sticky". Plus to "combat inflation" is the Cental Bank's job because it's in their mandate to maintain price stability. What you're saying is to combat the effects of inflation, which really is a symptom that inflation is getting more uncontrollable. But in my opinion, with still too much money in the system, demand will remain to push prices up.

The problem is that businesses are using the current inflationary environment by raising their prices and/or decreasing their production in an effort to further boost their profits under the guise of global inflation. Businesses and corporations might not be able to stop inflation, but they can certainly make a bad situation even worse. In this country, supermarket chains are hitting records for earnings during a time that is typically characterized as unsettling and underwhelming. It's a confusing situation; on the one side, governments allow prices to rise continuously because there is little to no oversight, and on the other, businesses contribute to inflation since they are greedy to raise their enormous profits.

Very interesting. If I'm not mistaken Shrinkage is a fraudulent practice that can undermine consumer trust in a brand. While it can help a company maintain profit margins in the short term, it can ultimately lead to long-term losses as customers may seek alternatives.

To combat inflation, companies can explore various strategies such as increasing efficiency in the production process, negotiating better prices from suppliers, or finding alternative sources of raw materials. They may also consider offering products at different prices or offering discounts for bulk purchases. I think the solution for the win win solution is transparency is the key. Communicating openly with customers about price increases can help maintain trust and loyalty.

Actually it's quite understood that during occurrence of inflation it affects commodities and raw materials for manufacturing industries, so during inflation things began to accelerate and double it price, but a good manufacturer most keep up to standard and give official announcement of increment of product because of the conditions they purchased a raw materials for production, and it happens when a country is harmonised in aspect of governance, because producing a substandard materials because of inflation and it caused harm to humans after used, I think it will bring or introduce downfall to that particular industry, quantity production because of inflation is not ideal for someone who want it's industry to have a reputation and recommendations.

While inflation is a normal feature of the economy, hyperinflation is seen as a shock to the economy due to inflation, the prices of these products have gone up a lot which is hurting the economy. Savings will help the economy recover uncertainty increasing people's savings reduces consumption. But reducing costs will not increase demand and if there is no demand, entrepreneurs will not be interested in investment. Even if there is a crisis, they will be able to meet their product demand from savings.

Inflation is telling you to stop eating the junk food and go start living a more healthier life style. Hahaha.

But that's where it actually starts. When the plebs like us start to notice that inflation is starting to take away more and more of our savings, that's when we budget our money more carefully. It helps lowering demand, and therefore also starts to help in lowering inflation. But there's a negative effect. A Recession. That's because business and services would also have lower profits and will be forced to get rid of a percentage of the company's employees, OR be creative = smaller amount of Potato Chips.

Simply, to defeat inflation there must be a recession. The Central Banks must cause a recession, through monetary tightening, as early as possible while the economy is still strong and while the consumers still have their savings. It will make the recovery faster.

Yeah I noticed this also. Basically when you go shopping you will notice two things

1) Products which cost 50% more

2) Products which cost 10-20% more but less quantity

Basically the bag is the same size except the label has indicated there is less contents inside. Very common with potato chips and cereal boxes.

If I were in charge of a business, I would prioritize increasing productivity, cutting expenses, and identifying fresh development prospects.
Finding ways to cut costs without compromising quality is a possibility. This can entail revising supplier agreements, identifying more effective manufacturing procedures, or cutting overhead costs. Alternatively, you could simply raise prices to keep up with inflation as another option. However, this can be tricky because it might lead to customers looking for less expensive alternatives.

If they downgrade their products or food it will affect their market as customer like the originality of the products itself. For example, in here the Jollibee fast food is actually popular but due to inflation you could notice that their gravy needed to be served if you don't have any orders but before you could actually ask a gravy as long as you like. People find it displeasing so they return it, however the prices of the menu increases which people had no choice but to pay extra for the choice of their quality.

I can totally relate! I feel like crap looking at the snacks that I usually buy from time to time becoming full of air rather than actual chips/fillings/food size! Really degrades the nostalgic feel of reminiscing about the childhood days that I long for every time I open those snack brands. And even if it weren't related to that, it's still freaking disappointing looking at something expecting it to have a lot inside of it because of how it is packaged but end up seeing just a few bits and a ton of air. It's like buying air inside a pack and getting a bit of food for free!

But, on a business owner's side though, I'd probably be making the same decision since nowadays people prefer the cheaper stuff more along with those "30% Extra" labels despite knowing that it isn't even real. I mean, if a person starts a business, his main goal would naturally be profits. And going for the strategies that would make products sell more and give out the most amount of profit possible would obviously be the choice he'd prioritize most.

What a businessman can add to this strategy to make it as fair as it can be to the consumers though is to make sure that the product getting adjusted in terms of quality or quantity won't affect the actual purpose of the product. If it does, then find other ways to cut costs or just increase the price with a reasonable amount that wouldn't be too much for the consumers but would still give you considerable profits. That is, if a businessman really does care about the consumers.

If that is your preference that is cool, however the fact that a great deal of companies do this should tell us that for them it is preferable to offer less product for the same price than the same amount of product for a higher price.

Customers are very sensitive to any price increase, and if a company raised the price of their products in order to keep up with inflation then they will lose customers against a company which decided to offer less for the same price, and about how companies could combat inflation there is really not much they can do, as even if they bought their supplies before the prices went up, at some point they will have to buy again at inflated prices, so as you can see companies are also victims of the inflation caused by the governments.

This is one thing that quickly gets me annoyed and I hate seeing things not worth up to the quality and quantity it was before..
As for me price increased would have been the best option than reduction of size and quantities. For instance there is this peak Milk company in my country, they have reduces their quality and quantities as same time increased the price of the product from the previous to extra 40 percent increase and this made me to change products to starting patronizing Cowbell products. They maintain their quality and quantity but yet still little increase in price maybe 10 percent to 15 percent but I still enjoyed their products more better than peak.

if i own a company and want to fight inflation so my company doesn't go bankrupt i will divert the company money to inflation resistant assets like gold and bitcoin because one effective way to fight inflation is to buy inflation resistant assets if things start to recover i will sell some of the assets that I bought so that my company can run again as before, this is just my personal opinion

You, as a company manager, cannot combat inflation because this inflation is at the level of the entire country, and it is related to the state of the national economy and the government's economic policy.

But as a manager of a company that has a product, you either reduce production costs or increase the price. Reducing production costs includes using cheap but bad raw materials or reducing the quantity of the product.

So the choice here is related to the society in which you live, some people prefer to use cheap products even if they are bad, while others prefer quality even if the price is higher.

Therefore, as a manager, I will manufacture cheap and expensive products, so that I can spread my product to the widest segment of people.

The issue is that companies are taking advantage of the current situation with inflation by further increasing their prices and/or reducing their quantities in an attempt to additionally increase their profits in the name of global inflation. Businesses and companies may not be able to battle inflation, but they can certainly worsen an already awful situation. Supermarket chains here are breaking records in profits in a period that's supposed to be characterized as worrisome and underwhelming. It's a complicated matter; on the one hand, governments are allowing them to constantly increase prices since there's little to no monitoring, while on the other hand, companies are part of the inflation issue due to their greediness to increase their massive profits.

The shrinkage of packaging is a common practice that has become excessively prevalent in the past few years in an attempt to trick consumers into thinking that prices have remained the same. I used to work at a supermarket, and a wide variety of products had been shrunken, such as yogurts, butter, and bread.

"Shrinkflation" is based on misleading people into thinking they're getting the same value for their money. Increasing the price takes the deception away because most consumers pay attention to the price relative to the price per unit of product.

I've seen companies demonized over this practice. While deceptive, people should rather be angry at their own government for inflating their currency beyond recognition. As if the private sector has any say on how much currency gets printed.

But that's not the right way to combat inflation. I know these companies also buy some raw materials they need for their production, but at least maintaining high quality is better than quantity reduction. It seems that this is the approach that most companies are taking now. Last month I went to buy spaghetti, and I was seeing different sizes of the spaghetti: one packet was 400g, sold for $085; the other was 500g, sold for $1.1. Normally, what it used to be is only 500g,, which is normally sold for $1, but I was surprised by the new development, so I bought the two sizes, but when I cooked this spaghetti, I noticed that there was a difference in quality between the 400g and the 500g, which is very wrong. With that, I will not be buying their products again; I have to look for alternatives. They have lost one bonafide customer in me.

If I have a company, usually I have to maintain the standard of my product, and if it will require me to increase the selling price of the product in order to maintain the quality and quantity, I will do so, but if I see that it is not working, I had better reduce the quantity rather than the quality. Even if the price is high, as long as it still maintains the usual quantity and quality, most people will still buy it.

Company main goal on using shrinkflation on their product is to make their product available to all type of consumer including the poor. They focus on the quantity of their product sale rather than the amount since consumer normally dodge product that high price or increased price with certain percentage because people think that the product is expensive rather than the volume of the content.

Many old product in the market went down because they can’t keep their product price to affordable range without sacrificing the quality. I think I will do the same method especially if my company is on the food industry because no one will buy a shitty product just ro make it affordable same with high price just to have the same quantity.

Reducing the size to make it still affordable and same quality is the best way to maintain the brand reputation in the market to keep the business running.

If you decide to reduce the quality and maintain the price, don’t be surprised that you are still going to lose more customers, if some people are purchasing a product, they will go for the one with high quality even if the price is high compare to others, not everyone cares about price, some people just want to get a quality product.

Have seen a company that closed down in my country just because when they started production, they were producing high quality products when they started, but after getting more customers, they decided to reduce their quality, and people reduced they way they patronized them drastically, the company is now down. If they increased their price and maintained their quality maybe they will still be in market up till now.

Yes I agree about maintaining the quality and quantity even though I have to eat the price.
But if I am the owner of the company so I will use two strategies in this regard, basically the market has 3 clusters in its first high -class marketing for rich people, middle and lower classes, in this case I aim for my product so that it can be sold well in the cluster market.

First I will maintain the quality and quantity of goods that I produce and raise the price to support my sales in the consumer class of the rich because they put the quality and quantity of goods for them to consumption and surely on this premium product there will be a slowdown And it is important for companies to reduce production to keep goods from rotten.

The second I will make the same new product as an alternative to lower-level consumers as an alternative product choice by reducing quality with the same utility and quantity, because the average consumer behavior of the lower economic level tends to prioritize quantity.
For the middle class economy, I think it is a plexible, they can choose the main product or alternative product for them to consume.

This strategy will be effective if the company has enough funding in running it, because in the inflation situation it will make the company suffocate if it does not accelerate the handling strategy in maintaining its market.

The phenomenon that occurs in the midst of society, especially the lower middle class, is more accepting of a decrease in quality than having to buy it at a slightly higher price. Inflation has pushed consumers into unfavorable choices, people who have an above average amount of wealth may not be affected by inflation too much.

The company will implement a marketing strategy that can connect with all consumers, from the highest level to the lowest level, under any circumstances the company will try to sell its products. I prefer quality over quantity, when quality decreases it will affect consumer confidence in products that make purchasing power decrease.

That might be quite a risky step because maybe the market won't be able to buy many products and there will be a slowdown in the circulation of goods if quality and quantity are maintained with the option of only increasing prices, but yes, in order to maintain good customer trust, the choice you mentioned is an option.

That is truly a disgraceful act especially since the goods being sold are commodities or the main needs of the people in living their lives, that is too cruel, capitalistic thinking like that is inhumane.

A price increase is one of the major reasons why customers seek alternatives. Although it is the best option to maintain quality and quantity but producers hardly use it for fear of losing market share. In the business world sincerity is rare virtue but it might be a good tool to gain customer loyalty. For me, I will not deceive my customer with fake packaging rather I will create more options for my client. My customers will have to choose from a variety of my products with different prices and quality. Customers that can afford high quality and quantity will have to pay more. While the other option will be a cheaper version with reduced quality or quantity.

This is one of the effective strategies to fight fast-moving inflation like today, because what is affected in this case is the increase in production costs so that companies or producers must have a way to keep their products competitive in the market.
Rather than changing the quality of using cheaper ingredients to do the production it will definitely affect the taste if it is in the food, the best option here is to reduce the size and keep the price the same.
Increasing prices directly will shock consumers if at the level of inflation, it is possible that the goods being marketed will be abandoned by consumers, and consumers will look for other alternatives.
If I were the owner of the company, the pressure in this situation would be to make production of the same quality and reduce the size and increase the price slightly so that consumers are not too surprised by the price increase and my company does not lose money, because the most important thing for the company is to maintain customers so that their money can rotate.

This is such a BS, I keep getting less and less food whenever I order food, I keep getting less and less stuff when I eat somewhere, it really doesn't feel like it's a good idea, I feel like we are doing a bad job right now and should be doing a lot better. I hope that it gets to a better point eventually but that doesn't change the fact that we are facing one of the worst situations in the recent memory with this financial situation so I understand companies trying to protect it's users as well.

I hope that it gets better eventually and we will not face these issues, but until the economy recovers, we are going to do worse. I end up getting two of the thing I want instead of one, just to eat enough, and that makes me spend even more, so it could be a trick as well.

Inflation is a complex economic issue, that affects not only individual consumers but also businesses. The companies often face higher cost of raw materials, labor and other input, which leads to increased cost of their products. There are several measure companies can take to combat inflation, such as renegotiating prices of raw materials with their suppliers, improve efficiency of their machines and reduce cost of energy by green sources of energy. In summary, combating inflation while maintaining profitability and keeping prices of products affordable, is a challenging task, and needs effective strategy to get desired results.

It is understandable that certain companies may use unsavory approaches to achieve higher profits. But not all companies are like that and many also pay attention to business ethics and social responsibility. Even though there are some companies that can take advantage of this situation to gain higher profits by deceiving consumers, however, inflation is generally detrimental to the economy and society at large. because Price increases and higher costs can burden consumers and exacerbate social inequality. On the other hand, inflation can also reduce people's purchasing power and wealth because the value of their money decreases. Therefore, inflation should be managed carefully and with a responsible approach.

Inflation can indeed have an impact on a company's production costs, which can force companies to look for ways to reduce costs and maintain profitability. However, reducing product quality or increasing prices without considering the value of the product is not an act that is responsible for consumers. As an entrepreneur, maintaining a balance between production costs and product selling prices is a challenge faced in the midst of an inflationary situation

This is where the function of the government is to encourage companies to consider a sustainable and responsible business approach, which not only prioritizes profits but also pays attention to social and environmental impacts. This can help create long-term sustainability and sustainable profits.

It's either of the two and there's really no choice at all but to choose one of them. Reduce the size or quantity but maintain the price or retain the quantity, size, and quality of what you sell then increase the price. I am a bread lover and the bread that I used to buy has actually shrunk those bakeshops understand the need for them to adjust because of the higher price of ingredients, mainly flour and wheat. If I own a company and produce products, I don't want to pass the burden to my customer and will choose to adjust at least the quantity/quality. But before doing that, I'll try to make a survey of my loyal customers about what they prefer, an increase in prices or the same price but an adjustment in quantity.

This practice is very common now and most of the companies have been doing this for a long time with total confidence   they have reduced quantity and quality of their products with increasing prices .
But it should not be done  if they are increasing the prices than they should work on their standard and customer satisfaction.  Inflation have blinded everyone and have numb public relations.

There's not much choice for those companies unless they wanna close shops. But then the employees will suffer in such action, theyd rather be chosing price increase or shrinkflation.

To survive the companies will need to tighten their belts too. The lay off has been happening to big companies since the FED keeps making companies default. So here we are.

Yes! but it's just the company's strategic campaign despite shrinkflation. They instead use it to their advantage. It's actually true, due to shrinkflation, products typically lowered its quality, be it on size, weight, and other indicators. With that lowering the cost of production but still maintaining the selling price of any product. At first, it will be unnoticeable but it's the truth.

Companies rather fall into shrinkflation and lower their quality to keep their customers because of the price than to maintain the quality of the product but raise the selling price.

Actually the quantity and quality of both are equally important in business. Quantity concerns the amount of goods or services produced or provided by a company, while quality relates to the standard of products or services provided to consumers. Of course, every company is different and has its own challenges in dealing with inflation. However, what is important is to maintain integrity and not engage in actions that harm consumers in order to gain profit.

when companies face inflation, raising prices is one way to offset rising production costs and maintain profits. However, companies must also consider the quality of the product or service they provide to customers. If companies choose to increase their prices, they must ensure that the increase in price is not offset by a decrease in the quality of the product or service. Instead, companies must continuously maintain or improve the quality of their products, while considering reasonable and competitive prices.

In this way companies can also fight inflation by looking for ways to increase efficiency and reduce production costs. They can look for cheaper raw materials, increase production efficiency, or look for ways to increase employee productivity.

What is certain is that even though we are facing inflation, it is also important for companies to keep innovating and looking for new ways to improve quality and efficiency, while maintaining competitive prices. There are many better ways to fight inflation than to deceive consumers. Because actions such as reducing product size and increasing prices to maximize profits are unethical actions and can harm consumers.

Does it ever matter? Inflation is inflation. It doesn't matter if the quality/quantity gets reduced or the prices go up.
You are terribly wrong about something.
The business owners/managers cannot "combat inflation". Only the governments and the central banks can fight inflation by interest rate hikes, higher taxes and cutting government expenses. 99% of the time, inflation is created by the governments and the central banks, which is a part of the absurd reality we live in. All the companies in the private sector can only adapt to the situation(by cutting costs and increasing the prices).

This kind of unfortunate. I was thinking the situation of reduction in quality of products to meet up with cost and to make profit is only a Nigerian and African phenomenon at large but not knowing it is a general syndrome of the world but why? Imagine where medicines and drugs are reduced to be made in lower quality to meet up to cost, it means the efficacy of such medicine will reduce or may not even have any effect whatsoever but cause more damages to the organs of the body. I think the government has a lot to do on this and IMO instead of reducing of quality of products it will be better the size are reduced and you have smaller prices and big sizes of different price but adequate content of the high quality of the product especially for house hold products. To reduce the quality of drugs is an aberration that is counterproductive and should be discouraged. One way to ensure quality are maintained is by regulation, monitoring and control. The Nigerian price control Act of 2004 has not been made active and so price goes up at random depending on the choice of the seller to fix his or her own price independently.



As a business man or woman, you are limited to combate inflation because it arises from government policy, you can only try to reduce your cost of running your business through bulk buying and reduced transportation, reduction on unnecessary cost and focus on products in demand to ensure ROI.

Because I'm only a consumer just like you, I also don't like it. But there's no other way a company can keep up with their monthly expenditures if the costs to produce their products are going up. They have no choice but to be more "creative" to reduce costs. A more obvious sign that a company is significantly affected by inflation is, employee down-sizing.

The term is pretty accurate and the practice is common, but I personally prefer shrinkflation to same portions but more expensive. If you know what's going on (and inflation is no secret), I'd choose shrinkflation over higher prices for former portions because this way, you can spend the same amount of money and just buy a bit less food, whereas if it's about changing the price and keeping the size, you may just not afford to buy certain products anymore. Smaller portions can be a less painful way to live through inflation by eating and wasting a bit less.
So, in theory, I don't mind shrinkflation. In practice, however, of course I mind it when companies merely use it to make more profit rather than out of necessity.

Well, we can't do anything about it, they've separated the workers to the means of production and people are too poor to organize a strike to protest that and many other things so I guess it's in our best interest to just play the cards we've been dealt with and press on, we need to learn what Japan is doing in their economy, they don't have a problem with inflation although they do have a problem with deflation which I think is much easier to solve than inflation.

Companies have been doing this forever, only now we really noticed it because it happened on a massive scale, and none of the customers can be satisfied that they are paying more for less, and often the product is not of the same quality as before. Buyers should therefore pay attention to each package and look for an alternative (if it exists), because not all companies are the same.


If you can reduce the packaging and sell it at a higher price than before, and in addition use lower quality raw materials to make the product, then most companies will do it - profit comes first, and they consider customers to be sheep who are not very intelligent anyway.


If at all possible, I would keep my product in the same quantity with the same quality, and I would adjust the price in such a way that my business would continue to be sustainable. In addition, I would be transparent about it and inform my customers about the changes, because people are ready to pay more if they know the reasons and if they are treated with respect.

Most companies believe if they increase the price, they might end up losing most of their customers because people end up going for cheaper products. Most of the companies are not alone in the market, they are having competitors, so if their prices is not equal to other companies, then people might end up not buying their products, they will go for the cheaper company not knowing that they reduced their quality already.

But to me it’s better a company increases their price and maintain their quality and quantity, people that really know the quality of your products will still patronize, but most company owners don’t really know this.

In cryptocurrencies it is different, they add more zeros to manipulate the market. But that was before, I don't know how they do it today. I think the burning mechanism is the ace up their sleeves.
When it comes to products, you are right, they are taking away the quality too. Less number of items, less quality but damn expensive because they can use the reason of lack of materials and expensive ones. And, the pandemic had always been the scapegoat to support their evil plans. That's one of my mistakes when the pandemic came, I should've just saved the money and wait for the products to be cheap again.

In the country where I live, the price of a product is always determined by quality because usually the best quality products are clearly made from the best materials with fairly sophisticated machines so it's only natural that the price is a bit more expensive. But if you ask about how to fight inflation in terms of production of goods, I would prefer to make products that are not too bad in quality by setting prices that are not too expensive so that it can be reached by all levels of society.

Apart from that, quantity also needs to be considered, because if a product gets more demand in the market, of course this is an opportunity for companies to produce more goods. Because when the goods produced can be sold in greater quantities, of course the profits that can be obtained by the company are also many because they take advantage of per unit of goods that are sold in the market. So in my opinion quantity and quality both need to be considered by the company.

Source:CEOs Are Making Millions While Laying Off Thousands Of Workers And Filing For Bankruptcy, but I guess you can find other similar articles around...

We all want to gain and be happy, and I can't agree more with your words that the approach used matters a lot. Some ways are simply wrong, as you say ill and inhumane, that description fits perfectly.

I am sure they are cheating us in many ways, maybe the worst of all is the quality of the products themselves, the prices go up and the quality goes down... who knows what they are mixing to produce more and earn even more.

Every company wants to gain and be happy, but the approach used matters, some are ill and inhumane. Inflation is mostly bad, I used "mostly" because it's not bad for everyone, it's as a matter of fact the time for some companies to make more money. This can only be done by cheating people. They go away with it in climes because of poor regulations.

As we are complaining about global inflation, do you know that banks and many companies in my country are declaring higher annual gains? They could only do this by cheating people with higher prices, fees, charges and manipulations.

Aside from the banks, many manufacturers reduced their product size and still increase the price of the product. This is a means of maximizing profits through cheating in the guise of inflation.

Unfortunately most of people can accept quality or quantity downgrade rather than price increasing of the product because price is more sensitive for them. That's why people are more preferable to hold fiat even though the value is always decrease, rather than holding Bitcoin which the price will increase after super cycle.

If I were running a company, I would do same because downgrading the quality or quantity aren't crime, it's legal and one of business strategy.

This will make poor people can still buy my product, while a rich people they can buy more if they feel one isn't enough, so it's make affordable for any people.

I hate it when companies reduce quantity (and often quality too) of product to sell it at same price as before to combat inflation. Oh and don't forget those, "30% Extra" labels.

Inflation makes everything rise, so might as well keep the original quantity and just increase the price.

Do you agree? How would you combat inflation if you were running a company?