RAM prices experiencing a spike due to a demand shock is not shrinkflation. Its a single COGS line item not a broad increase across all line items.
Note: some single item shocks can lead to broad inflation (eg: oil) but that effect takes awhile to play out.
The RAM/SSD price spikes are not shrinkflation, but the article gives examples of shrinkflation happening due to it:
* Google's upcoming folding phone is going to have less RAM than the current model.
* Motorola has both increased the price on their Razr flip phone and downsized the minimum storage
* Sony reduced storage on the PS5 Slim
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