Here are some tips to help you avoid paying more for less at the grocery store.

What’s “shrinkflation”?

You may have noticed higher prices at the grocery stores these days, but have you noticed items priced the same but with less food in the package? According to a story by Global News, food makers are known to shrink package sizes (or the amount of food in the package) to manage rising costs while keeping prices the same. It’s a retail strategy known as “shrinkflation”.

Shrinkflation: how to avoid paying more for less at the grocery store

1. Don’t buy purely because of a certain brand or familiar look. Consider branching out so you can seek out the best bang for your buck.

2. Compare unit prices. The food and other products you buy at the grocery are typically measured in standard units like grams. A unit price is simply the item’s price converted to cost per unit. Seek out the best deal based on the unit price.

3. Learn more tips and tricks for saving money at the grocery store. Check out some of our other blogs on this topic to help you seek out additional savings:

Did we miss anything? What are some ways you save money and navigate rising prices at the grocery store? Share your ideas in the comments.

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The savvy shopper’s guide to groceries – Part 2

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