How to survive inflation (Marketplace)

by | Mar 21, 2023 | Invest During Inflation | 40 comments




The cost of living is higher than it’s been in 40 years. As prices go up, consumers are often paying more for less — sometimes without even realizing it. In this episode we follow reporter Travis Dhanraj as he investigates the sneaky ways in which inflation could be affecting consumers, and delve into the different types of ‘flation’ — from shrinkflation and tipflation to greedflation and others.

CORRECTION: At 11:04 the unit price calculation is incorrect. It should be 38 cents/100g instead of 0.38 cents/100g and 66 cents/100g instead of 0.66 cents/100g.

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#Inflation #Canada #CBCMarketplace

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LEARN ABOUT: Investing During Inflation

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Inflation is the rate at which the general level of prices for goods and services is rising and consequently, the purchasing power of currency is decreasing. This situation can be challenging for individuals and families who are trying to make ends meet. However, with the right mindset and strategies, it is possible to survive inflation without draining your savings account or plunging into debts. Below are some tips to help you survive inflation in the marketplace.

1. Prioritize your expenses
During inflation, the cost of essential goods and services can skyrocket, making it difficult to maintain the same standard of living. Therefore, it is crucial to prioritize your expenses and focus on the necessities. Make a list of your essential needs such as food, housing, and transportation, and allocate your money accordingly. This way, you will avoid overspending on non-essential items.

2. Buy in bulk
If you have the storage space and the resources, buying in bulk can help you save money in the long run. Bulk purchases often come with discounts and can prevent you from spending more money when prices rise. For instance, you can buy food items such as rice, flour, and beans in bulk and store them for later use.

3. Look for alternatives
During inflation, some goods and services may become too expensive, making it difficult for you to afford them. In such cases, it is essential to look for alternatives that are affordable and offer similar benefits. For instance, if your favorite brand of toothpaste becomes more expensive, consider switching to a cheaper yet equally effective alternative.

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4. Review your investments
Inflation can significantly affect your investments, especially if they are in fixed-income securities such as bonds. Therefore, it is crucial to review your investments regularly and consider diversifying your portfolio. Investing in assets such as real estate, stocks, and commodities can help you beat inflation and secure your financial future.

5. Earn more money
One way to cope with inflation is to earn more money. You can look for side hustles, part-time jobs, or start a small business that can provide you with additional income. However, make sure that your additional income does not lead to an increase in your expenses.

In conclusion, surviving inflation requires a conscious effort to prioritize your spending, look for alternatives, buy in bulk, diversify your investments, and earn more money. Following these tips will help you survive inflation and maintain your standard of living during tough economic times.

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40 Comments

  1. Luis Fernando Maschietto Junior

    So in Brazil we have a better labeling, in the other hand, the restaurant tip comes charged in the bill already. So you have to speak out to the server that you want to opt opt out of it. So they will go to the manager, at this point maybe the manager will come to the table and ask if the service was not good, maybe not. Then come with a new bill.

  2. jesus varela

    if you dont like where you work go somewhere else where they are gonna pay you the same. this is why theres is a labor shortage. they dont pay enought to survive so no one want those type of jobs ahha

  3. hhh hhh

    This is clear highway robbery through deception

  4. hhh hhh

    crazy, Crazy Crazy

  5. Jay

    I'm 17+ minutes in and so far there's next to nothing about how to survive inflation. If you just wanted to report on inflation, fine, but don't title it like it's about surviving inflation when it's not.

  6. Erin Hawkins

    of course, the tip about buying a bigger package to save on unit prices doesn't help if it means you'll be throwing half of it away because your family can't eat that much before the veggies go bad. And some of us can't afford to buy a year's worth of some things all at once. Not saying that it doesn't make sense, just sad that I can't take advantage of the larger package pricing.

  7. Crystal Oelke

    Prices are up a whole lot more than 10%

  8. Billy Lee Goodman

    Campbells chunky soup has 25 ml less! Not that I buy it, but I work at a food bank and notice the difference in can shapes/sizes

  9. CZ

    The premier is clearly on the side of the companies, not of the people.

  10. KB250

    I agree don’t tip anyone unless it’s a real restaurant

  11. norm lor

    PERHAPS IT'S TIME TO GET A PARTY INTO OUR GOVERNMENT WILLING TO HELP??!!

  12. Research0digo

    2:08 lady – find a used food processor, research the least expensive organic dry roasted peanuts & sea salt and make your own! Just like making your own butter yogurt powdered sugar – make your own. If you purchase a good quality food processor (not a VitaMix blender), here in the US you can deduct that from your 'income' taxes, because it's used for your business.

  13. Ed Kolly

    Blame the rising carbon tax which raises the prices on everything!

  14. DA

    How to survive inflation- vote anything but Liberal.

  15. Prashant Kapoor

    As an immigrant, after watching every other episode in this series I question my decision of following the so-called Canadian dream.
    Everyone should watch an episode or two of CBC marketplace before making the decision to arrive in canada

  16. Bonito Carrado

    that show made the liberals look horrible

  17. Floren Baron

    I thought you were going to teach us how to beat inflation.

  18. kimberlindy

    I've been hating shrinkflation and didn't even know about aquaflation. Hard to cook when you think you think a can of something is off.

  19. Cheryl Schumaker

    The other day I gae a 12 % tip and I felt like the girl was offended…weird. I am a senior and simply can not afford it …I was offended that the server didn't even thank me only told me to have a good day..BTW I can not afford to go out and eat It was my husband's Birthday and we have not been out for dinner in a year…The food was not even that great to be honest…at one time you would get aplomb per piece of deep-fried fish and tons of now you get it paper thin piece of fish and maybe 20 fries also we ordered a slice of carrot cake it came in a small jar and it was only crumbs..with abit of icing …I was shocked….

  20. Cheryl Schumaker

    Ppl are starving seniors down to 1 meal a day or every 2 days …It's only going to get worst….

  21. Cheryl Schumaker

    Are you guys saying this is temporary situation…it's only going to get worse if not….

  22. Talwinder Dhillon

    20:00 yea give breaks to people who choose to live the most polluting lifestyle.
    How about fund the public transport and encourage more people to use it instead of trying to make gas cheaper

  23. abe licon

    Yep taxing oil and gas plus a carbon tax admistered b6 civil servants will help people afford grocieries. These ppl are insane.

  24. Genezio Genezio

    THAT'S TOTALLY GRRED-FLATION
    NO REASON AT ALL FOR THE PRICES OF EVERYTHING TO UP THAT WAY!!! THEY LIE TO US 24/7/365 ABOUT JUST EVERYTHING, THEY ARE: TRUDEAU/BILL GATES/USA LAB/POLITICIANS/THE SEVEN POWERFUL COUNTRIES ALL THESE PEOPLE WANTS TO SHRINK THE POPULATION SOME HOW LIKE THE DID MAKING COVID-19 TO SHRINK THE POPULATION AND SO ON …

  25. MAYKING

    How to SURVIVE?! How about we take the grocery stores to court or protest them because they are price gouging us under the guise of ‘passing along higher manufacturing costs’ which they set. We are paying almost double and have you noticed less in your packages??? It’s OBSCENE

  26. Pam Mccoy

    CBC…paid to destroy democracy. Paid to further the WEF agenda. Shame on you for your lies and damned lies! You care nothing for the future of your children. Despicable!

  27. Daydreamer

    21:11 Saying BS like this then complaining about "immigrants taking our jobssssssssss"

  28. joesph cu

    America is done. All signs suggest that 2023 will be a year of severe economic pain all over the nation. Put those money to work now to make it grow. I knew I had to invest. I didn't think a few Thousand dollars a month would add up. But it is. From 2020 to date, I have made around $600,000

  29. Silver fox Homestead

    Dont know why people just dont kick out these greedy politicians already.

  30. dave chattoe

    Isn't funny how companies are more than willing to label their products stating that they're 33% larger (family size ect.) but when it comes to shrinking their volume and raising their price they tend to not label that information.

  31. J G

    LMAO maybe you should be reporting the true reason why we are
    in this situation

  32. Ben Leblanc

    When CBC is cancelled we will save on TAX DOLLARS… DEFUND THE USELESS CBC!!!!

  33. katherine spencer

    The people who eat kosher have it right in one regard at least. Never eat meat & dairy at the same meal…both are expensive items and should be spread out over your week. Like: no meat Monday, Tofu Tuesday, what needs 2B used up on Wednesday, try something new Thursday, fish on Friday…. big pots of soup & casseroles on Saturday, some meat on Sunday. Or whatever keeps you motivated to save.

  34. Flamingo

    The lady at 9:56 should be the next Prime Minister of Canada

  35. Andre Daedone

    I will give you a tip, don't eat fast garbage food. That was a free tip.

  36. Andre Daedone

    My yearly food bill today is 3500. I don't scrimp on healthy food, I don't eat garbage food, and I cook everyday. People who eat garbage food ( processed) are doomed to real health problems later on. Cut other things but not your food. And cook lazy people.

  37. jhon price

    Given the high inflation, the use of coupons is more widespread than ever and many people rely on them not only for the purchase of food but also for clothing and much more. The transition to the 8112 digital coupon format is imminent.

    Qples by Fobi is the only platform able to provide physical / digital coupons anywhere in the world redeemable in real time! This is very valuable for the big CPG brands as they allow them to improve their Roi but above all customer loyalty, which has proven to change brands if the situation is advantageous.
    McDonalds, burger King and many other brands could use Qples by fobi coupons to increase customer loyalty, Roi and improve their margins. Given the high inflation that has led to the reduction in consumer purchasing power, CPGs are looking for new ways to attract customers. I think the arrival of digital coupons and the transition to 8112 has been accelerated by all of this. The decline in margins and profits that we are witnessing of many tech companies, once considered leaders, confirm the shift of the consumer in search of better opportunities and bargains offered by coupons.
    Fobi is a leading AI and data intelligence company that
    provides businesses with real-time applications to transform and future-proof their organizations.
    We enable businesses to leverage and monetize their customer data, power data-driven customer
    experiences across online and offline platforms, and drive digital sustainability by eliminating the
    need for paper and reducing unnecessary plastic waste at scale.

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