Shopping expert on how consumers can fight ‘shrinkflation’ despite red-hot rates

FAN Editor

During an interview on “Mornings with Maria,” Wednesday, smart shopping expert Trae Bodge broke down consumers’ greatest financial stressors and how Americans can combat August’s hotter-than-expected inflation rate.

TRAE BODGE: So, lots of categories to try to save in. But the one we were just chatting about is food. It’s up over 13% in general restaurants and also shopping for home for groceries. So a couple of things here. Try buying generic. You don’t have to be loyal to your favorite brands because we’re experiencing a lot of shrinkflation. We want to buy generic to save there. I would also use coupon sites. 

US inflation

A shopper looks at organic produce at a supermarket in Montebello, California. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images) ((Photo by FREDERIC J. BROWN/AFP via Getty Images) / Getty Images)

You might only use them say for electronics or apparel, but say ‘CouponCabin.com,’ who I work with, they have deals on food. ‘Instacart,’ ‘FreshDirect,’ ‘Box.com.’ So really helpful savings there. And I also order my takeout on my laptop instead of on my phone because you can use coupon browser extensions, like ‘CouponCabin’ or others, to save maybe 2.5% or get cash back. So that’s kind of a couple different ways to save on food because as you know, the prices are just sky high right now. 

WHOLESALE INFLATION DECLINES IN AUGUST, BUT PRICES REMAIN NEAR MULTI-DECADE HIGH

WATCH THE FULL INTERVIEW HERE: 

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