Greedflation is the price inflation caused by corporate greed for high profits that is used as an excuse to raise prices unnecessarily. The Greedflation is the idea that a price rise introduced by companies to take advantage of inflation and boost the profit margins, even if no need to. The term implies that greed is the underlying reason behind a rise in the cost of goods and services. Shrinkflation is the reduction in the quantity or quality of a product while the price remains the same.
Related Definitions in the Project: The Commercial Definitions
