"Shrinkflation" is nothing new — the word alone has been around for at least a decade according to Merriam-Webster — but the concept has received renewed interest recently as America has faced its worst inflation rates in generations. And confirmed cases of shrinking products at grocery stores have been popping up all over. Have you noticed some products you buy are the victim of "shrinkflation"?

No one likes paying more for things — especially in times such as these when rampant inflation is driving up the price of everything. But suppliers do have other options besides increasing prices: They can try to cut costs elsewhere, including by making their products smaller. What would you prefer?

Have you ever stopped buying a certain item or brand due to shrinkflation?