U.S. Sen. Sherrod Brown: Working to lower grocery bills in Ohio – The Tribune

U.S. Sen. Sherrod Brown: Working to lower grocery bills in Ohio

Published on Sunday, May 12, 2024, 12:00 p.m

We know that companies are constantly finding new ways to charge their customers more and increase their profits. Every time Ohioans check out at the store, tHey, they don't just pay for their groceries, they also pay to buy company stockConfirmations and bonuses for managers.

In 2022 alone, food prices rose by 12 percent – the largest increase in almost 50 years. And it's not just higher prices. Large corporations are downsizing their products without simultaneously lowering the price.

The media has started calling the fraudulent practice “shrinkflation.” Whatever you want to call it, we can all agree that it needs to stop.

Ohioans see it on the shelves: a 32-ounce bottle becomes a 28-ounce bottle. A 16 ounce can becomes a 14 ounce can. “Half gallons” of ice cream are actually no longer half a gallon – and that’s with prices remaining the same or even rising.

That's why I introduced the Shrinkflation Prevention Act – to crack down on companies that shrink their products without lowering their prices.

Our bill would direct the Federal Trade Commission to view this “shrinkflation” as a fraudulent practice and authorize it to take legal action against companies that engage in it.

This means these companies will be held accountable and punished for this fraudulent practice that costs Ohioans. These tactics make it difficult for a competitor to offer the same product at a lower price and make it difficult for customers to compare prices. The FTC's job is to ensure that we have a fair, competitive market – and it must crack down on such ploys.

It's simple: Ohioans should get what they pay for. That's what our Bill would help ensure.

Sherrod Brown is a Democrat and the senior U.S. Senator representing Ohio. His office can be reached at 202-224-2315.

Anna Harden

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