Page 5 - Shrink Flation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

♪ jackie: welcome back, everybody. more troubling news for shoppers. we just learned that consumer confidence tumbled to a 10-year low this month as inflation hit a 39-year high last year. and if that's not bad enough if, there's some new signs that we're paying a lot more for a lot less. fox business' madison alworth looking into the problem. it's a growing problem called shrink-flation. >> reporter: if you've been feeling like you're getting less product in your packaging, not only are you not alone, you're also not wrong. shrink-flation is when producers put less product in their boxes or...

My producer, who is a big fan, noticed it herself when she opened up the container, seeing a little less product than she's used to, and just like inflation, it has been going on for some time now. inflation is increasing, and shrinkflation increasing while also decreasing. for example, general mills, they decreased the amount of cereal in their family size by about an ounce. and while that might not sound like a lot, it really adds up. >> you say, well, what's an ounce. well, one ounce is one bowl of cereal. think of how many millions and tens of millions of boxes general mills sells of cerea...

It's basically become a global message. if you want to come into the united states, and you want to do it illegally, just go there and come across the border because we told people don't come, but they're not listening, we said we're going to institute remain in mexico, but not really pushing back on that. the border is open. that's the subtle message being given. >> well, absolutely. that's the message being given and we hear a lot from the vice-president and others about the root causes of migration. if you look at the december numbers of illegal ap presentations only 30% of those they're pi...

Joins me on the phone. it's great to talk to you. it seems like some of these will have an impact on the midterms. when it comes to alvin bragg, he told new york what he was going to do and voted into office. i wonder how that happens sometimes. >> right, and it was sort of a conflicting message from voters in new york city because they already put a mayor in office, someone who won in a crowded democratic primary field with a tough on crime mental. crime message. it could be a problem for democrat because you could draw a straight line from the progressive implemented in the city to the rise ...

They want to go on with their freedom. and so, i really think that the supreme court could be reframed in favor of the republicans as they go into midterms if they do this right. >> that's an interesting point of view and you're right people want their freedoms back and move forward and they don't just don't that the administration is moving fast enough and almost like they're prolonging the pandemic possibly to suit layer political needs. president biden does have a long list of troubles and we've been discussing them all morning and economy and inflation at a 30-year high and people's saving...