Where is #Inflation?
Let's understand this from the #Indian #Customer Perspective.
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Let's understand this from the #Indian #Customer Perspective.
Like and Retweet this Thread 🧵for wider reach.
⚡️You ordered a #Pizza, but there were previously a handful of Ketchup Packets in the box, but now there are none. 
⚡️#Airlines are reducing the number of flight attendants, causing customers to wait much longer for any services.
⚡️#Hotels not providing waiter service and instead rely on customers to self checkout for food services.
⚡️#Hotels not providing waiter service and instead rely on customers to self checkout for food services.
⚡️Now, you have to wait for longer to contact customer service because companies have reduced the number of workers in call centres.
This is called #Skimpflation
This is called #Skimpflation
Skimpflation is a situation where we are paying the same or more for services, but they have deteriorated in quality compared to what they used to be.
The term Skimpflation became popular during #COVID-19.
The term Skimpflation became popular during #COVID-19.
When companies began to cut back services and downgrade customer support capabilities, without lowering their prices.
So Skimpflation is when, instead of simply raising prices, companies skimp on the good and services they provide.
So Skimpflation is when, instead of simply raising prices, companies skimp on the good and services they provide.
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