European Parliament member Biljana Borzan has urged the legislative body to look into the phenomenon of ‘skimpflation’, which she says began with the Ukraine conflict The quality of goods and services is suffering across the EU due to ‘skimpflation,’ European Parliament member Biljana Borzan from Croatia warned this week. The term refers to a cost-saving practice of “skimping” on the quality of products or services while keeping prices steady in order to protect margins. Skimpflation can manifest in anything from staff reductions at stores, to replacing high-quality ingredients in products with lower-quality ones,
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