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NetNewsLedger - Stretching Your Dollar: Navigating Inflation and Shrinkflation at the Grocery Store While Keeping Your Family Happy

Thunder Bay - LIVING - The financial landscape in Canada is currently undergoing a tremor with the twin demons of Inflation and shrinkflation. While the prices soar, the sizes of common food products are dwindling, putting additional strain on the household budget. Though reports suggest a slowdown in the rate of inflation, the reality at ....

Thunder Bay , Economic Buzzwords , Grocery Shopping , Store Brands , Shopping Strategies , Loyalty Programs , Unit Prices , Seasonal Produce , Shopping List , Affordable Meals , Keep Your Family , Based Meals ,

BBCNEWS Breakfast June 4, 2024 05:31:00

So while the unit price is capped, if you use more gas and electricity you will pay more. that applies to all plans and tariffs. but even if you used n0 energy during a month, most tariffs mean you ll still be paying fixed daily fees. they re called standing charges and they cover the cost of supplying gas and electricity to your home. those are also capped by 0fgem but like unit prices they ve gone up a lot in recent years. now, using all those various figures, 0fgem works out what it thinks the annual bill would be for a typical household using an average amount of energy. at the moment it s just over £2000. that s come down significantly since the start of the year. but it s not a fixed price, if you use more energy your bill will be higher. we expect that will fall once again. ....

N0 Energy , Standing Charges , Unit Price , Unit Prices ,

BBCNEWS Breakfast June 4, 2024 06:06:00

Cap takes effect from october to december. 0fgem says that is the lowest price cap has been since october 2021, a fall of 7% from where the price cap is currently. there are some important points to highlight. the cap limits how much providers can charge as per unit for gas and electricity when you are in standard tariff paid by direct debit. rememberthis, it is standard tariff paid by direct debit. remember this, it is not a cap on the overall bill. if you use more energy than average, you will pay more than the headline figure. that s really important to remember. when you look at the detail, the unit prices have come down by 7% but standing charges have barely moved. those are the fixed daily fees that you those are the fixed daily fees that w“ pay those are the fixed daily fees that you pay to cover the cost of the provider supplying the cost to your home. they have gone up by a fraction of a penny but they have gone up. that will keep putting the pressure on households. this win ....

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