skimpflation
English
Noun
skimpflation (uncountable)
- (economics, informal, neologism) The practice of reducing the quality of products while continuing to market them at the same price.
- Synonym: quality fade
- 2022 March 17, Sally French, “One of the most basic hotel amenities is disappearing”, in Honolulu Star-Advertiser:
- Some economists have pegged a new word to this phenomenon where, rather than raise prices, companies cut services previously provided: skimpflation. Skimpflation could mean reduced staff, thus longer lines or phone hold times.
- 2022 April 30, “Netflix et al.: the great cancellation”, in The Week, Bath, page 41:
Related terms
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