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Price hikes in disguise! Democratic lawmakers in the usa are calling on food & beverage giants to stop the behavior of 'shrinkflation'.
Two Democratic lawmakers in the USA accused general mills, coca-cola, and PepsiCo of making huge profits through downsizing and tax avoidance. They pointed out that these companies have reduced the size of products such as cereal boxes and beverage bottles, while keeping prices unchanged or even raising them, and that the effective tax rates paid by these companies since the tax cuts in 2017 are much lower than many working class individuals.
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What to Expect in the Week Ahead (CPI Index and Fed Officials' Speaks; Earnings From PepsiCo and JPMorgan)
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