You are currently viewing Inflation: Four grocery shopping tips to save you money – CTV News

Inflation: Four grocery shopping tips to save you money – CTV News

Canadians continue to feel the pressure of inflation as the rising cost of food is forcing many to rethink their shopping choices as a way to cut back on spending.
On Wednesday, Canada’s inflation rate hit 6.8 per cent, in comparison to March’s 6.7 per cent. The latest increase is largely due to the rising cost of food and shelter, with prices at the grocery store reaching a 9.7 per cent increase since April 2021.
“It’s certainly taxing Canadians,” associate professor of Agricultural and Resource Economics Stuart Smyth told CTV News Channel on Wednesday.
“Every time you go to the grocery store it seems like one of the staples that you buy on a weekly basis has gone up another couple of per cent,” he said.
Nonetheless, there are still ways consumers can shop strategically and look for wiggle room within their budgets. 
Checking for sales and discounted items is a no-brainer when shopping, however what can be overlooked is checking for unit pricing.
Personal finance expert Kerry Taylor says shoppers should look at unit pricing, which measures the amount of product per item, since shrinkflation is happening as inflation rates spike.
“Shrinkflation is when you’re buying an item for the same price but at a smaller portion size,” Taylor told CTVNews.ca in a phone interview on Wednesday.
By comparing unit pricing, shoppers are able to pinpoint where they might be spending more on groceries so in turn they can search for options that carry more product and last longer to avoid extra spending.
Taylor says checking for unit pricing between brands is especially important since some normally affordable brands might actually be more expensive depending on the quantity of product.
“It’s really sneaky because you can’t really tell. So you need to be on the lookout for shrinkflation because you could be overspending money on an item and not even realize it,” she said.
Non-perishable items have an extended shelf life so Taylor recommends stocking up on any products a household uses the most if the price is right.
Additionally, checking for sales doesn’t necessarily mean having to switch grocery stores.
Canadian food retailer Loblaws reported earlier this month that their discounted stores including No Frills and Maxi saw an increase in customers. However, Taylor says it’s important to only visit stores that are accessible since spending time and money on travelling to the next grocery store could end up costing you more.
“Ask yourself, is this a good use of time to save a dollar here and there? Or is it more worth your time to figure out how to use the ingredients you have in-house to the best of your ability,” she said.  
While nearly all food prices in stores have shot up, Canadians are still recommended to look for alternative items for their meals. Taylor says she was shocked to find the eight-pack of canned lentil soup she often buys went from $9 to $14.99 at her local grocery store.
“These are all the base ingredients that we use to build meals when we’re on a very, very tight budget and they have all gone up, so it’s frustrating,” she said.
Among the products that spiked in price the most included fresh fruits and vegetables. Pasta saw an increase of 19.6 per cent from April 2021, according to statistics Canada.
As an alternative, Taylor says she switched to purchasing a bag of lentils to make at home. A ritual she is now practicing more often as she says cutting back on packaged foods and take-out could help soothe costs.
“It’s always a hard one but there’s lots of fun recipes out there that include ingredients like cans of tomatoes, beans, so you can make something quick and nutritious.”
Unlike inflation, food waste is something Canadians can control and can use to avoid the repeated cycle of over-spending on food for it to only end up in the compost.
“Canadians waste just over $1,000 a year per household which is about $92 a month, $21 a week or $3 a day,” Taylor said.
To avoid food waste, Taylor recommends gathering any leftover ingredients from meals into one bowl and taking one day of the week to use all those ingredients in a simple recipe that can be paired with any carbohydrate.
“Think, can you possibly expand this tossed away food with rice or a wrap? Can you add a sauce to it to make it more delicious? Maybe you can make it in an omelette or a stir fry?” she said.
Lastly, Taylor says Canadians do not have to completely cut off all products they deemed necessary.
“If buying certain products at the grocery store means a lot to you and enhances your life and makes you happy then you should go for those items and look at where you can cut elsewhere in your life,” she said.
In order to keep any items deemed essential, Taylor recommends looking at other expenses that hold less value which could be streaming services, old automated credit payments or the frequency of online shopping.
“There’s an opportunity cost to every dollar we spend and we just have to make these tough decisions but look at your budget, look at what you can cut or add.” 
Quebec's health ministry announced Thursday evening there are two confirmed cases of monkeypox in the province, while 20 other suspected cases are still under investigation.

A growing number of countries, including Canada, the U.S., Spain, Portugal, and the U.K, are reporting an unusual outbreak of monkeypox. Here is what we know about this rare virus.

Conservative MP Ed Fast said it was becoming 'untenable' to do his job as finance critic within the Conservative Party of Canada, which is why he asked to be relieved of his duties.

Canada is banning China's Huawei Technologies and ZTE, another Chinese company, from participating in the country's 5G wireless networks, citing national security and cybersecurity concerns. Industry Minister Francois-Philippe Champagne and Public Safety Minister Marco Mendicino made the announcement about prohibiting products and services from these 'high-risk vendors,' in Ottawa on Thursday.

A leaked draft showing that the U.S Supreme Court justices are preparing to overturn the Roe v. Wade abortion-rights ruling has sparked debate in Canada, including whether Catholic hospitals can impede your access to abortion.

An independent group should review the use-of-force policy that guides New Brunswick police to ensure it is concise and understood by all officers in the province, a coroner's jury recommended Thursday.

A painting by Nova Scotia artist Maud Lewis that was once traded for a few grilled cheese sandwiches, recently sold for an astounding $350,000 at auction.

With a meeting of G7 finance ministers underway this week, a CTVNews.ca analysis found that while Canadians are feeling the pain of record-high inflation, among G7 nations we are surpassed by Germany, the U.S., and the U.K.

A 911 dispatcher has been placed on leave and may lose her job after allegedly hanging up on an supermarket employee hiding during this weekend's shooting rampage in Buffalo, New York.

Quebec's health ministry announced Thursday evening there are two confirmed cases of monkeypox in the province, while 20 other suspected cases are still under investigation.

A painting by Nova Scotia artist Maud Lewis that was once traded for a few grilled cheese sandwiches, recently sold for an astounding $350,000 at auction.

With lengthy delays for Canadians seeking to get a new or renewed passport, Service Canada says it’s upped staffing at passport service counters to expedite processing ahead of the summer travel season. Yet, travellers say they’re still facing long wait times.

An independent group should review the use-of-force policy that guides New Brunswick police to ensure it is concise and understood by all officers in the province, a coroner's jury recommended Thursday.

With Jason Kenney having stepped down as leader of Alberta's United Conservative Party, who is now leader of the province?

A new bill brought forward by Manitoba’s NDP would allow parents to give their children traditional Indigenous names.

In a world beset by conflicts and natural disasters, the number of people who fled their homes and sought shelter within their own countries hit a record high of close to 60 million by the end of last year, according to new data.

U.S. President Joe Biden embarked Thursday on a six-day trip to South Korea and Japan aiming to build rapport with the two nations' leaders while also sending an unmistakable message to China: Russia's faltering invasion of Ukraine should give Beijing pause about its own sabre-rattling in the Pacific.

U.S. Rep. Alexandria Ocasio-Cortez said Thursday she's engaged to her longtime partner Riley Roberts, a marketing professional she met over a decade ago while they were undergraduates at Boston University.

North Korea said Friday that nearly 10 per cent of its 26 million people have fallen ill and 65 people have died amid its first COVID-19 outbreak, as outside experts question the validity of its reported fatalities and worry about a possible humanitarian crisis.

A school employee was seriously wounded by an assailant wielding a crossbow in an attack Thursday at a high school in the northern German city of Bremerhaven and a suspect was detained, investigators said.

A 911 dispatcher has been placed on leave and may lose her job after allegedly hanging up on an supermarket employee hiding during this weekend's shooting rampage in Buffalo, New York.

Canada is banning China's Huawei Technologies and ZTE, another Chinese company, from participating in the country's 5G wireless networks, citing national security and cybersecurity concerns. Industry Minister Francois-Philippe Champagne and Public Safety Minister Marco Mendicino made the announcement about prohibiting products and services from these 'high-risk vendors,' in Ottawa on Thursday.

The federal Liberals are rekindling a plan to allow travellers, immigration detainees and others who feel they have been mistreated by Canada's border agency to complain to an independent body.

Conservative MP Ed Fast said it was becoming 'untenable' to do his job as finance critic within the Conservative Party of Canada, which is why he asked to be relieved of his duties.

A rare case of monkeypox has been confirmed in a man in Massachusetts who recently travelled to Canada, according to the Massachusetts Department of Public Health.

Health Canada is recalling more than 256,000 packages of cigarettes over 'increased fire hazard' concerns.

Saskatchewan’s Nakaylia Tudway-Cains is one of many mothers in Canada feeling the strain of the ongoing baby formula shortage, and she says she's now paying $400 a month for special over-the-counter formula she needs for her allergic son.

Pro-Russia online operatives falsely claimed weeks into Moscow's war against Ukraine that Ukrainian President Volodymyr Zelenskyy had committed suicide, as part of an aggressive effort to dent public morale and undermine the Ukrainian government, U.S. cybersecurity firm Mandiant says.

Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services including search and YouTube will keep operating, a Google spokesperson said on Wednesday.

Boeing is hoping for success in it second attempt at an uncrewed test flight of its commercial space craft Starliner, hoping a flawless performance will mend its image as the fallen star of human spaceflight.

Actor Ellen Barkin recalled her 'controlling' relationship with Johnny Depp during a previously taped deposition that was played in a Virginia courtroom Thursday by lawyers for Depp's ex-wife, Amber Heard.

The musician thanked fans on Wednesday for reuniting him with a beloved accessory that went missing during his second weekend of headlining Coachella last month.

Rihanna and A$AP Rocky have welcomed their first child, a source close to the couple confirmed to CNN.

McDonald's is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union.

Indonesia said Thursday it will lift a monthlong ban on palm oil export, citing improvements in the supply and domestic price of bulk cooking oil.

With a meeting of G7 finance ministers underway this week, a CTVNews.ca analysis found that while Canadians are feeling the pain of record-high inflation, among G7 nations we are surpassed by Germany, the U.S., and the U.K.

She has four limbs, expressive eyes and likes to stroll through greenery in New York City. Happy, by species, is an Asian elephant. But is she also a person? That's the question before New York's highest court Wednesday.

B.C.'s latest lottery millionaire is planning to buy his dream motorhome then travel around the U.S. with his wife.

A soon-to-be centenarian and veteran of the Second World War is about to walk 100 kilometres to raise funds for homeless veterans.

Matthew Tkachuk scored a hat trick for the Calgary Flames in Wednesday's 9-6 win over the Edmonton Oilers to open their NHL playoff series.

The second strike in CFL history is over. The CFL confirmed Wednesday night that it and the CFL Players' Association reached a tentative collective bargaining agreement.

The U.S. Soccer Federation reached milestone agreements to pay its men's and women's teams equally, making the American national governing body the first in the sport to promise both sexes matching money.

A new study out of the United Kingdom has found that women are almost twice as likely as men to be trapped in a vehicle after a crash.

Nearly 43,000 people were killed on U.S. roads last year, the highest number in 16 years as Americans returned to the highways after the pandemic forced many to stay at home.

Mercedes-Benz confirmed on Thursday that it recently sold the world's most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker's collection was sold to a private owner for €135 million, the equivalent of $142 million.

CTV News Programs
Local News
© 2022 All rights reserved. Use of this Website assumes acceptance of Terms & Conditions and Privacy Policy

source

Laisser un commentaire