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. Read more: #Inflation #Canada #CBCMarketplace »»» Subscribe to CBC News to watch more videos: Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: Find CBC News on Facebook: Follow CBC News on Twitter: For breaking news on Twitter: Follow CBC News on Instagram: Subscribe to CBC News on Snapchat: Download the CBC News app for iOS: Download the CBC News app for Android: »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians....(read more)
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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. 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. https://inflationprotection.org/how-to-survive-inflation-marketplace/?feed_id=80060&_unique_id=6419536bc6469 #Inflation #Retirement #GoldIRA #Wealth #Investing #budget #canada #CBC #CBCNews #consumerpriceindex #DougFord #economy #expenses #farmersmarket #food #groceries #grocerystore #inflation #market #marketplace #shrinkflation #tipflation #tips #Toronto #InvestDuringInflation #budget #canada #CBC #CBCNews #consumerpriceindex #DougFord #economy #expenses #farmersmarket #food #groceries #grocerystore #inflation #market #marketplace #shrinkflation #tipflation #tips #Toronto
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