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Speaker 1: Hello.

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Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yor the

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Speaker 2: Order Kerney Whoalbury and a waddery woman. And before we

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Speaker 2: get started on She's on the Money podcast, I would

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Speaker 2: like to acknowledge the traditional custodians of the land of

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Speaker 2: which this podcast is recorded on a wondery country, acknowledging

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Speaker 2: the elders, the ancestors and the next generation coming through

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Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 2: the storytelling of you to make a difference for today

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Speaker 2: and lasting impact for tomorrow.

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Speaker 1: Let's get into it.

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Speaker 3: She's on the Money, She's on the money.

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Speaker 4: Have you ever gone to buy something you've bought a

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Speaker 4: million times, noticed something was a little different, like maybe

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Speaker 4: it was smaller. Well, chances are you haven't suddenly grown,

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Speaker 4: but it has gotten smaller. You're not being gas lit.

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Speaker 4: It's called shrink flation. We are talking about it on

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Speaker 4: today's show. My name is Becksied and this is a

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Speaker 4: She's on the Money. I VICKI d hello, excited for this.

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Speaker 4: Becky s like it's not as good do it? But

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Speaker 4: that kind of sounds they I'll take.

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Speaker 1: It, you know, I'll just call you back. It's all good. Okay,

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Speaker 1: it's all good.

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Speaker 4: You are shrinking my name.

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Speaker 1: Yeah, exactly. I didn't even know you could shrink Beck.

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Speaker 4: You can do.

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Speaker 1: Or just be just B B. Beck. Same amount of life,

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Speaker 1: the same amount of effort. Yeah. No, all right, Well

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Speaker 1: let's move on because we're talking about shrink flation today

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Speaker 1: and I am salty about this. Guys like we'll get

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Speaker 1: to the English muffin conundrum a little bit later. But

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Speaker 1: shrink flation, as you introduced, is basically when a brand

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Speaker 1: starts selling less for more by reducing the size of

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Speaker 1: their products but keeping the price the same, which is

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Speaker 1: just really rude.

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Speaker 4: It's rude.

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Speaker 1: We all want more tim Tams, not less.

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Speaker 4: Listen ar sneaky, sneaky, sneaky.

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Speaker 1: So usually these changes aren't that obvious. So in some

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Speaker 1: cases you only realize the product is smaller when you

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Speaker 1: open the packet and find one less biscuit or bar

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Speaker 1: or cake or whatever it is. I feel like sometimes

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Speaker 1: you don't even notice. It's somebody else pointing it out

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Speaker 1: and being like, Beck, did you know that they have

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Speaker 1: two less biscuits in this packet? And you're like, you're right,

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Speaker 1: it used to be ten.

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Speaker 4: What the heck in and you can't mentally prepare for

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Speaker 4: something like that. You don't know what it's coming. It's

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Speaker 4: so rude, really sad.

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Speaker 1: It's one of those things that grinds my gears. And

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Speaker 1: so I said to you, let's do a whole episode

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Speaker 1: on it.

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Speaker 4: And here we are mainly a therapy session.

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Speaker 1: I would say, I'm gonna let loose because you know

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Speaker 1: what you shouldn't get between a pregnant woman and two

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Speaker 1: English muffins.

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Speaker 4: That's true. Actually, no true words have ever been spoken.

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Speaker 4: But a little bit later in the episode, we are

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Speaker 4: going to talk about specific products. So hold onto that

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Speaker 4: English muffins.

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Speaker 1: Oh, we're going to name and shame.

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Speaker 4: I'm kind of scared, but we are going to give

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Speaker 4: you some tips on how to spot it and what

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Speaker 4: other tricks to be wary of in the supermarket. But

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Speaker 4: first feed, what is happening to the cost of food

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Speaker 4: in Australia right now?

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Speaker 1: Oh, it's cooked, Beck, It's absolutely cooked in my scientific opinion,

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Speaker 1: not pun intended, No, not necessarily stretch. Actually, that was

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Speaker 1: pretty good. It's pretty good for we are funny. We

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Speaker 1: should go out on our own and do a comedy podcast. Okay, no,

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Speaker 1: not me. I'm not funny, but the price of food

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Speaker 1: staples is definitely rising, and it is putting a lot

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Speaker 1: of pressure on household budgets. A study by Deacon University

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Speaker 1: recently released in August, Beck found I've written down four

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Speaker 1: dot points. Are you ready?

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Speaker 4: I'm ready.

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Speaker 1: Milk prices rose by twenty percent in the twenty four

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Speaker 1: months to July this year. In the past twelve months,

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Speaker 1: egg prices have increased by ten percent. Canned tuna, she's

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Speaker 1: a staple, she's by twenty five percent.

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Speaker 4: That one feels random.

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Speaker 1: That one feels real rude too, because that's like everybody's

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Speaker 1: cheap budget uni meal virtually, if you're having a bit

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Speaker 1: of a week where there's too much month left in

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Speaker 1: your budget. Yes, I feel like can tuna some rice?

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Speaker 1: Some frozen veggies always whips up a quick little tuna

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Speaker 1: morne and it's cheap twenty five percent more for you tuna.

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Speaker 3: Hmmmm.

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Speaker 4: It feels I don't know, like maybe call me ignorant,

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Speaker 4: but like fish are not charging more for their own.

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Speaker 1: That is not the logic behind getting more expencted. Do

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Speaker 1: you know what I find even more rude about this?

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Speaker 1: Frozen veggies They're up by eighteen percent and is that

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Speaker 1: not meant to be the cheaper option?

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Speaker 4: Is that's a real shame?

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Speaker 1: What the heck?

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Speaker 4: Can the certain businesses did do very poorly and some

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Speaker 4: did really well actually over the pandemic.

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Speaker 1: It definitely wasn't the toilet paper company is doing poorly well.

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Speaker 4: That's for sure, But supermarkets did really well over the pandemic.

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Speaker 4: Add you know, the rich get richer as they say.

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Speaker 1: Yes, the pandemic felt like it was a bit of

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Speaker 1: a license for supermarkets to basically print money. So at

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Speaker 1: the same time that Deacon UNI their analysis came out

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Speaker 1: in August, will worst net profit increased four point six

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Speaker 1: percent to one point two billion dollars for the full

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Speaker 1: financial year, while overall sales hit sixty four point twenty

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Speaker 1: nine billion dollars, derived from its Australian and New Zealand

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Speaker 1: supermarket operations as well as discount chain bigw and our

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Speaker 1: second biggest chain, Coals, also revealed a four point eight

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Speaker 1: percent full year profit of one point one at billion dollars.

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Speaker 4: Wow, I feel like I should be surprised, but maybe

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Speaker 4: I'm not.

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Speaker 1: I don't know if you've noticed, like complete side note,

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Speaker 1: have you seen the news that's coming out where they're

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Speaker 1: putting like all of these like safety gates and stuff

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Speaker 1: in at the supermarkets because they're obviously trying to lower theft.

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Speaker 1: Did you think that maybe if you lowered the prices

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Speaker 1: so people could afford groceries, maybe they wouldn't steal them,

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Speaker 1: because it's not like you're not making profit. Like we

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Speaker 1: literally have your annual reports here and Coal's made one

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Speaker 1: point one billion dollars profit and will Worths obviously had

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Speaker 1: sales of over sixty four billion dollars. Like, you guys

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Speaker 1: are kind of cooked because you're coming out here saying

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Speaker 1: it's significantly eating into our profits if people are stealing food.

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Speaker 1: Do you know people go to Kohal's and they do

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Speaker 1: steal food when they can't afford it. Yeah, it's an

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Speaker 1: unwritten rule. Back Like if I look over and there

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Speaker 1: might be somebody putting an avocado through as a brown onion,

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Speaker 1: I didn't see it. I didn't see it. That's not

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Speaker 1: my business. Like, no, it's not my business. I'm no snitch,

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Speaker 1: Like I don't know your life, your job, but it's

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Speaker 1: not my point. Obviously that's illegal and we shouldn't be

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Speaker 1: doing it. But like I'm not going to sneech on

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Speaker 1: somebody who's trying to do the best.

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Speaker 4: I don't want to sound like boomer. I also don't

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Speaker 4: want to say the word boomer.

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Speaker 1: Definitely have a boomer opinion in this circumstance, I think,

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Speaker 1: I think.

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Speaker 4: So we're on that side. But you know, if things

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Speaker 4: weren't automated and we didn't have self checkout, we had

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Speaker 4: actual people serving us then.

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Speaker 1: Or actual people who got paid actual wages, then maybe

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Speaker 1: people were placed by robots. Exactly. Mince me through as

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Speaker 1: brown onions. That's so strange.

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Speaker 4: That really old of me to say.

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Speaker 1: Yeah, but that would impact their profitage, It would make

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Speaker 1: less profit if they had to pay more wages. Obviously,

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Speaker 1: paying people are living wage is just a bit too

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Speaker 1: much to us, that makes sense.

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Speaker 4: Yeah, so tomy is a bit to that.

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Speaker 1: Don't ask for laughing wages and the ability to afford

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Speaker 1: mince me, my.

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Speaker 4: Gosh, I know that is a lot to ask. Actually,

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Speaker 4: why is shrink flation all of a sudden a thing.

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Speaker 1: It's not all of a sudden a thing. Oh, it's

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Speaker 1: like been around for a very long time, but it's

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Speaker 1: happening globally and brands and supermarkets. I feel like getting

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Speaker 1: away with it. Oh, like you've probably heard of it.

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Speaker 1: We just complain a little bit, and then we go

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Speaker 1: back to our normal lives, like people don't notice it. Obviously.

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Speaker 1: After the break, I'm going to name and shame my

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Speaker 1: favorite products that have been shrink flated. And it's not

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Speaker 1: because when you were little things seemed bigger m m.

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Speaker 1: Like you know, when you were little, you're like, oh,

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Speaker 1: that used to be massive, and then you see it

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Speaker 1: when you're an adult you like gaslight yourself. You're like, oh,

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Speaker 1: it must be because I'm bigger. It's like when you

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Speaker 1: used to like drive past the McDonald's sign and you'd

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Speaker 1: see the Macason You're be like, wow, those golden arch

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Speaker 1: is a huge naw, you drive past it and you're like, hmm,

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Speaker 1: it's just a sign, Victoria, Like it's not, you know,

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Speaker 1: totally as big as you think it is. But the

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Speaker 1: truth is some of our favorite products have shrunk. Yes,

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Speaker 1: we're not gaslighting ourselves anymore. We're just going to call

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Speaker 1: it out. But obviously it's happening globally and I've had enough,

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Speaker 1: so we're doing a whole podcast on it. Who knows

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Speaker 1: this is probably gonna fall on deaf years let's be honest,

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Speaker 1: but in this cost of living crisis, many brands don't

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Speaker 1: actually want to be putting their prices up because customers

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Speaker 1: might turn away from their products, or you know, look

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Speaker 1: at a company and be like, oh my gosh, like

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Speaker 1: I can't believe in a cost of living crisis, bck,

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Speaker 1: they're putting up their prices the audacity, So they're taking

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Speaker 1: stuff away from us, hoping that we don't notice. And

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Speaker 1: by not being transparent about these changes to their product,

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Speaker 1: I just think that's really deceptive and I don't like it.

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Speaker 1: Brands should honestly be so upfront about this and not

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Speaker 1: try and hoodwink customers. Like how many times have you

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Speaker 1: seen the advertising on a packet, you know, and they're like, oh,

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Speaker 1: you get a bonus one razor in this packet, or

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Speaker 1: you get a bonus two extra biscuits in this packet.

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Speaker 1: There should be some kind of law where if you're

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Speaker 1: going to reduce a packet size on a standard product,

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Speaker 1: do you have to be like, by the way, there's

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Speaker 1: two less biscuits in here. Now, I can't believe it's

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Speaker 1: not what if I mean a sleeve of Marie Clear

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Speaker 1: biscuits to make a recipe and you're going to take

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Speaker 1: some Marie Clear biscuits away from me. Now I've put

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Speaker 1: too much butter in my recipe.

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Speaker 4: Totally because one pack used to get you a whole

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Speaker 4: whole cheesecake base.

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Speaker 1: I don't like it Now I might have to buy more.

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Speaker 1: But there is evidence that supermarkets have used the pandemic

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Speaker 1: and subsequent cost of living crisis to not only sell

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Speaker 1: more goods, but also increase their profit from sales. Critics

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Speaker 1: call this inflationary profiteering back although there has been minimal

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Speaker 1: response from the government and regulators. No, I'm talking about it.

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Speaker 4: That's really one not happy about that all right.

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Speaker 1: In France, though big food manufacturers have promised a lower

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Speaker 1: prices amid a threat from the government to imp those

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Speaker 1: financial sanctions, given prices of many wholesale foods have been

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Speaker 1: falling for months. That's good. It's to protect the consumer, absolutely, okay.

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Speaker 1: It's kind of saying like, hey, can't do this, like.

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Speaker 4: It's not okay, God, I wish we'd do that here.

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Speaker 1: Hey, Albo, can we talk about me getting more biscuits?

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Speaker 4: I think we should maybe call elbow after They'll do

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Speaker 4: it on the break, So stick around because after the break,

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Speaker 4: we are going to talk about some specific products that

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Speaker 4: are doing this and also give you hot tips on

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Speaker 4: how to spot it and what else to look out for.

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Speaker 1: Straight under the bus, go and straight under the bus,

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Speaker 1: Straight under the bus. After the break, you're going to

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Speaker 1: your list of brands that are never going to sponsor

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Speaker 1: this podcast. Stick around, don't go anywhere.

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Speaker 4: Okay, here we are back, and no one is safe,

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Speaker 4: not a single person.

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Speaker 1: So not a single person, not a single product, not

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Speaker 1: a single Thredo frog.

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Speaker 4: Exactly, good segue. What are some examples?

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Speaker 1: The Fredo Frog noticed the FROs decreased in size by

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Speaker 1: twenty five percent. That's one out of ten cannot recommend.

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Speaker 4: This is one of those moments where I thought, Okay,

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Speaker 4: maybe it's just because I'm getting older.

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Speaker 1: And yeah, like they're not that big.

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Speaker 2: No.

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Speaker 1: Do you remember the giant Frettos and the giant caramel

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Speaker 1: like kwalas that people would sell at primary school for

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Speaker 1: the fundraisers, right, They were like a dollar and they

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Speaker 1: were massive, and I remember only being able to eat half,

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Speaker 1: probably because I was younger, So this is definitely playing

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Speaker 1: into it only being able to eat half because they

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Speaker 1: were so like big. Anyway, I recently found one by recently,

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Speaker 1: I mean like a year ago. I found one that

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Speaker 1: I'd stashed away in my bedroom at my parents' house

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Speaker 1: a million years ago. Oh, completely off, we're not going

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Speaker 1: to open it. But I looked at it and I

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Speaker 1: was like, oh, is this like a super sized one? Like,

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Speaker 1: where did the No, it wasn't. It was just the

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Speaker 1: regular size. Oh but from the early two thousands. Wow,

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Speaker 1: bit's rude.

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Speaker 4: They do have those big ones, but your thing's bigger

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Speaker 4: than the big ones.

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Speaker 1: Yeah. Absolutely, so they still have the big ones, but

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Speaker 1: like they definitely are smaller and fun size, like any

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Speaker 1: type of fun sized chocolate bar. Like Beck. You know

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Speaker 1: that you walk into our office at reception, there is

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Speaker 1: a lollly jar right anyone. It's free for all. Anyone

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Speaker 1: can open the lolli jar and help themselves to like

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Speaker 1: little Snickers or a Mars bar. They're half the size

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Speaker 1: that they used to be.

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Speaker 4: That's so true, which is why I always grab.

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Speaker 1: Two because obviously this inflation is not going.

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Speaker 4: To get me exactly two Little Sneakers bars is one

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Speaker 4: old school Sneakers bars. So I agree with that.

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Speaker 1: I have a bone to pick as well. Please, it's

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Speaker 1: my favorite muffins like we're excited about I gave these

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Speaker 1: guys a whole shout out on my newslater a couple

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Speaker 1: of weeks ago because I'm obviously obsessed with muffins at

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Speaker 1: the moment right specifically English muffins, but my favorite boutique

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Speaker 1: English Muffin Company thirteen ninety nine. A packet beck used

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Speaker 1: to be six in a packet. You'd be like, Okay,

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Speaker 1: well maybe I'll buy a packet and I only eat

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Speaker 1: them on the weekend because they are pretty good with

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Speaker 1: pro mart and a little bit of avocado on the

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Speaker 1: top of them, bougie at home brunch. Now there's only

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Speaker 1: four in a packet, same price.

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Speaker 4: That is so sneaky. And I assume they didn't tell

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Speaker 4: anyone about this, no, And.

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Speaker 1: I didn't notice until my husband was like, oh, have

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Speaker 1: you got extra muffins, because like I usually eat one

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Speaker 1: muffin and he eats two or three muffins. Sure, and

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Speaker 1: we didn't have that. I was like, well, if you

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Speaker 1: eat three, that's the whole packet. And he's like, that

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Speaker 1: never happens. What are you talking about?

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Speaker 4: And I was like, yeah, ther jassy, Oh wow, okay,

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Speaker 4: I'm a little bit scared. And if they're listening to this.

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Speaker 1: And if Nery Lane, that's unacceptable. Honestly, you should not

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Speaker 1: be getting in the way of a pregnant woman and

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Speaker 1: an English muffin with butter and jam on it. Are

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Speaker 1: you joking? It's a dangerous the audacity, honestly. But I

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Speaker 1: think it's interesting because we all get up in arms

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Speaker 1: about this, right, Like, there are so many examples of

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Speaker 1: different biscuit packets that have two less biscuits, yes, or

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Speaker 1: packaging where you open it and it's got like you know,

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Speaker 1: it might be a pill packet and you might have

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Speaker 1: got pan at all, and there's just like blank rows

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Speaker 1: and you're like, what the heck in is this? The

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Speaker 1: packaging stays the same, so you pick it up off

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Speaker 1: the shelf, you don't second guess it, but then there's

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Speaker 1: less product in the package. What I'm going to do

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Speaker 1: this week, actually because I just love everyone being thrown

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Speaker 1: under a bus, I'm going to do a thread in

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Speaker 1: our Facebook group of give me your best examples of

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Speaker 1: shrink flation, and I'm going to make everybody comment literal

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Speaker 1: examples of what shrink flation is.

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Speaker 4: That's a good idea. I'm actually excited to see this.

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Speaker 1: Yeah, it's going to be really funny because I think

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Speaker 1: everyone's going to comment on it and be like, oh,

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Speaker 1: I didn't even notice that one. Yes, exactly, like we're

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Speaker 1: ipping arms about you know, Fredo Frog totally, but like

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Speaker 1: what about bigger staples, like what about packets of pasta,

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Speaker 1: packets of rice, things, cereal exactly, things that we actually

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Speaker 1: have to purchase that are actually, you know, necessary during

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Speaker 1: a cost of living crisis.

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Speaker 4: I totally agree, But you know how sometimes they sell

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Speaker 4: the half loaves of bread now just I guess for

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Speaker 4: if you don't want to be buying a whole one,

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Speaker 4: but that's exact same price as a regular, which is

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Speaker 4: so unacceptable. It's not really shrink flation, but it's still

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Speaker 4: kind of like it's another getting away with that kind

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Speaker 4: of thing, you know.

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Speaker 1: On that note, though, no, do you freeze bread.

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Speaker 4: Sometimes happens.

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Speaker 1: Do you actually get through a loaf of bread before

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Speaker 1: it goes off and you have to throw it out?

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Speaker 4: Not usually, Beck, Not usually.

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Speaker 1: I am like the queen of freezing bread. Like I

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Speaker 1: buy bread, I chuck it in the freezer. That is it.

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Speaker 1: That is how bread lives in our house. And one

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Speaker 1: of my girlfriends came over to stay recently and she

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Speaker 1: was like, do you have any bread, like, I'll make

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Speaker 1: some toast because she stayed over the night. And I

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Speaker 1: was like, yeah, yeah, it's just in the freezer. And

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Speaker 1: she's like, what is wrong with you? And I was like,

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Speaker 1: is this not how normal people store loaves of bread? Like,

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Speaker 1: is this not how this happens? Because like you pull

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Speaker 1: the bread out? Sure in my house. I don't know

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Speaker 1: about you, Beck, but I basically just eat toast, Like

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Speaker 1: I'm not making sandwiches with the bread. I don't need

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Speaker 1: it to be super fresh. Although if you let it

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Speaker 1: defrost properly, it stays fresh, right, But you chuck it

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Speaker 1: in the toaster, wham bam, thank you, ma'am, fresh toast

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Speaker 1: every single time. It just your frosts really quickly because

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Speaker 1: it's so skinny.

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Speaker 4: But how about the I would call it a wrestle,

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Speaker 4: maybe a tug of war between you and the bread.

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Speaker 1: Oh do you separate the bread before you put it

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Speaker 1: in the freezer? Like you're not like sectioning them, You're

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Speaker 1: just pulling them apart so that when they go they're

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Speaker 1: like loosely packed, like you know, sure, sure, so, Beck,

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Speaker 1: if you're not freezing your bread, you should be freezing

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Speaker 1: your bread because I just think it makes sense.

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Speaker 4: I see where you're coming from.

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Speaker 1: Way, if you're throwing away bread, one out of ten

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Speaker 1: poor form anyway. Neil Chahan, who is a shrink flation expert,

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Speaker 1: but you didn't know that existed, Beck, He began compiling

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Speaker 1: a list of the worst examples of product downsizing that

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Speaker 1: he's been able to find, and I have them all

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Speaker 1: for you right here. Are you ready?

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Speaker 4: I'm ready?

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Speaker 1: All right, So I've listed them out. In Australia, sizes

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Speaker 1: are decreasing across the board for everything from household products

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Speaker 1: to your favorite snacks glad rap straight under the bus

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Speaker 1: glad Raps bulk option shrunk by twenty five percent, with

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Speaker 1: a quotea value pack going from four hundred meters to

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Speaker 1: three hundred meters in length. Recently, Oh never would have

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Speaker 1: noticed that one out of ten. Buying coke in a

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Speaker 1: glass bottle, which already costs more, as you guys know,

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Speaker 1: because it clearly tastes better, also comes at a loss,

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Speaker 1: as the new bottles were found to hold fifteen percent

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Speaker 1: less of the soft drink.

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Speaker 4: Wow.

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Speaker 1: Pringles, don't get me started. Pringles are the worst at

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Speaker 1: shrink flation. They used to sell one hundred and sixty

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Speaker 1: five grams of chips. It's now reduced down to one

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Speaker 1: hundred and thirty four grams. But the company made the

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Speaker 1: chips themselves smaller instead of shrinking their packaging.

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Speaker 4: That's kind of clever, kind of clever.

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Speaker 1: But like now when you pull them out, like, how

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Speaker 1: am I going to make the Women's Weekly duck cake

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Speaker 1: for my future kid? If it doesn't have two pringles

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Speaker 1: as the mouse?

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Speaker 4: You've got a pringle as a duck cake, okay?

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Speaker 1: Or I'll make you one one day, please, all right.

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Speaker 1: Smith's chips, which are obviously crinkle cut, are the only

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Speaker 1: type of chips anyone should be eating, got smaller as well,

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Speaker 1: with their bags going from two hundred grams a bag

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Speaker 1: to one hundred and seventy grams of bag in recent years.

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Speaker 1: A standard block of Cadbury chocolate, which used to be

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Speaker 1: two hundred and fifty grams, is now two hundred grams

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Speaker 1: as of a few years away. It's recently faced another cut.

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Speaker 1: We're now one hundred and eighty grams a block for

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Speaker 1: a Cadbury block of deer Erry milk.

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Speaker 4: It's going to be zero grams soon.

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Speaker 1: You're going to get like one bite they're going to

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Speaker 1: gas light our center thinking that whole block of chocolate

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Speaker 1: is the size of a Fredo frog.

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Speaker 4: So true, that's true.

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Speaker 1: Wheatbits packets gone from one point five kilos down to

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Speaker 1: one point two kilos, which is a three hundred gram

402
00:18:17,000 --> 00:18:20,320
Speaker 1: reduction for the iconic breakfast, which has now again been

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Speaker 1: reduced to one point one two kilos. She's losing weight dramatically.

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Speaker 1: Crunchy nut It hyped its prices by fifty seven percent

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Speaker 1: after losing thirty grams in twenty twenty two, meaning shoppers

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Speaker 1: went from paying ninety cents for the delicious cereal up

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Speaker 1: to a dollar forty one for the same hundred grams.

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Speaker 1: It's a lot.

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Speaker 4: That is a lot.

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Speaker 1: That's a lot in many supermarkets. The five hundred grams

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Speaker 1: of Coddy's jams, they've recently been replaced with a three

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Speaker 1: hundred and seventy five gram alternative, representing twenty five percent

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Speaker 1: as a decrease in size, and the shelf price fell

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Speaker 1: less than seven percent. You're getting less for more. And Maxibond,

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Speaker 1: which is obviously a very popular Peter's ice.

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Speaker 4: Cream, not the Maxibond, No, that.

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Speaker 1: Has decreased in size. I mean they did well and

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Speaker 1: they actually publicly came out and said we're reducing the size.

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Speaker 1: I don't know what kind of press they got from that,

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Speaker 1: but it went from one hundred and two grams from

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Speaker 1: maxibond down to ninety four gram which attributed to increased cost.

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Speaker 4: Wow.

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Speaker 1: I like that they out of themselves now like it's

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Speaker 1: costing us more, so we're going to give you less.

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Speaker 1: And I think people we like that, we like transparent.

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Speaker 4: I like that a lot we do. So you mentioned

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Speaker 4: many of these examples do go un announced. But is

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Speaker 4: it like recorded or measured anywhere.

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Speaker 1: Yes, CPI, my friend. So the ABS they track the

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Speaker 1: prices of goods and services year on year that make

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Speaker 1: up household costs. It takes into account changes in product

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Speaker 1: size as well, which is really good. They are treated

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Speaker 1: as a price increase given the end result is that

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Speaker 1: essentially you get less for your money than you were

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Speaker 1: before and you need to buy more to compensate. So yes,

436
00:19:55,520 --> 00:19:58,720
Speaker 1: the ABS track said and CPI is really interesting because

437
00:19:59,040 --> 00:20:02,679
Speaker 1: CPI is based on essentially the cost of goods and

438
00:20:02,720 --> 00:20:04,919
Speaker 1: services the increase. But the way that they do that

439
00:20:05,280 --> 00:20:08,159
Speaker 1: is by taking a basket of regular goods and services

440
00:20:08,400 --> 00:20:11,680
Speaker 1: and measuring year on year, how much that would cost you.

441
00:20:11,760 --> 00:20:14,639
Speaker 1: So back in the fifties, are basket goods and services

442
00:20:14,840 --> 00:20:16,880
Speaker 1: you know from a supermarket would have cost you, let's

443
00:20:16,920 --> 00:20:19,880
Speaker 1: pretend twenty dollars, and now that same basket will cost

444
00:20:19,960 --> 00:20:22,640
Speaker 1: you like one hundred and twenty dollars. So it's interesting

445
00:20:22,680 --> 00:20:25,119
Speaker 1: to co Okay, well, bread used to cost a dollar

446
00:20:25,119 --> 00:20:27,720
Speaker 1: a loaf, and now it costs like seven dollars depending

447
00:20:27,720 --> 00:20:30,399
Speaker 1: on where you're getting it. So it's an interesting conundrum.

448
00:20:30,440 --> 00:20:32,720
Speaker 1: But also I don't know, as you guys know love

449
00:20:32,760 --> 00:20:33,400
Speaker 1: the abs.

450
00:20:33,680 --> 00:20:35,280
Speaker 4: I mean, you wouldn't want to check it every time

451
00:20:35,280 --> 00:20:37,239
Speaker 4: you go out, but maybe I would. But what are

452
00:20:37,240 --> 00:20:39,080
Speaker 4: the best ways in the shops to determine the better

453
00:20:39,119 --> 00:20:40,960
Speaker 4: deal and cross compare similar items?

454
00:20:40,960 --> 00:20:43,479
Speaker 1: You know, price hands down it It's now a legal

455
00:20:43,560 --> 00:20:47,160
Speaker 1: requirement that every single sales ticket has the unit price

456
00:20:47,200 --> 00:20:49,040
Speaker 1: on it, so it will say, oh, this is a

457
00:20:49,040 --> 00:20:51,080
Speaker 1: dollar for one hundred grams, and you can kind of

458
00:20:51,119 --> 00:20:53,920
Speaker 1: compare the different products. You can see, oh, the home

459
00:20:53,960 --> 00:20:56,119
Speaker 1: brand one is a dollar for one hundred grams, but

460
00:20:56,200 --> 00:20:59,159
Speaker 1: the branded version of you know, rolldoats, which to me,

461
00:20:59,760 --> 00:21:02,480
Speaker 1: I cannot tell the difference. Like I do not care

462
00:21:02,480 --> 00:21:04,240
Speaker 1: how much money I end up having one day. I

463
00:21:04,280 --> 00:21:08,400
Speaker 1: will always, always always buy home brand oats. Yeah, cannot

464
00:21:08,400 --> 00:21:11,120
Speaker 1: tell me that one is better that I cannot see

465
00:21:11,119 --> 00:21:14,040
Speaker 1: it anyway. It will tell you the difference between the

466
00:21:14,080 --> 00:21:17,480
Speaker 1: gotchas and what you're actually getting bang for buck, because

467
00:21:17,480 --> 00:21:19,880
Speaker 1: sometimes they're like, you know, three hundred and seventy five

468
00:21:19,880 --> 00:21:22,200
Speaker 1: grams versus two hundred grams, and you're like, oh, well

469
00:21:22,200 --> 00:21:25,760
Speaker 1: that two hundred grams looks cheaper because it's smaller box,

470
00:21:25,800 --> 00:21:28,640
Speaker 1: but it might actually be more expensive because you're getting

471
00:21:28,720 --> 00:21:30,199
Speaker 1: less for more gotcha.

472
00:21:30,280 --> 00:21:31,080
Speaker 4: Make that makes sense.

473
00:21:31,280 --> 00:21:34,720
Speaker 1: So obviously unipricing is really important. It did become mandatory

474
00:21:34,720 --> 00:21:37,160
Speaker 1: in two thousand and eight to make sure that you're

475
00:21:37,200 --> 00:21:41,080
Speaker 1: all good. Give an example of that. Obviously, we mentioned

476
00:21:41,080 --> 00:21:44,000
Speaker 1: before the cottige jam. It went from five hundred grams

477
00:21:44,040 --> 00:21:47,040
Speaker 1: it used to cost sixty cents per hundred grams back

478
00:21:47,400 --> 00:21:50,080
Speaker 1: the new three hundred and seventy five jar that sells

479
00:21:50,080 --> 00:21:53,399
Speaker 1: for seventy five cents per hundred grams. So obviously the

480
00:21:53,440 --> 00:21:57,000
Speaker 1: diminished job he is in Cole's quote every day category

481
00:21:57,080 --> 00:21:59,240
Speaker 1: implying that it's at a lower cost, but you're actually

482
00:21:59,280 --> 00:22:01,520
Speaker 1: getting less for more.

483
00:22:01,840 --> 00:22:04,760
Speaker 4: Right, we don't like that, No, not at all.

484
00:22:04,760 --> 00:22:08,880
Speaker 1: Also home brand jam slaps like, oh, you cannot tell

485
00:22:08,920 --> 00:22:13,320
Speaker 1: me that jam isn't jam jams jam, right unless it's

486
00:22:13,359 --> 00:22:16,040
Speaker 1: like that real bougie like raspberry jam that has the

487
00:22:16,119 --> 00:22:18,760
Speaker 1: like patent lid that looks a little bit French. Oh

488
00:22:19,160 --> 00:22:21,320
Speaker 1: that's bougie, but like you're just buying that when you

489
00:22:21,359 --> 00:22:25,679
Speaker 1: get scones right, totally exactly. Unfortunately, there is actually no

490
00:22:25,840 --> 00:22:29,159
Speaker 1: legal requirement for food manufacturers to alert customers of a

491
00:22:29,240 --> 00:22:31,480
Speaker 1: change in their product size. As we're saying before, it

492
00:22:31,560 --> 00:22:34,199
Speaker 1: probably should, but they don't have to so long as

493
00:22:34,240 --> 00:22:37,879
Speaker 1: the new quantity and unit price is appropriately displayed. So

494
00:22:37,920 --> 00:22:40,280
Speaker 1: apparently it's on U bec to kind of like those

495
00:22:40,320 --> 00:22:42,440
Speaker 1: things I don't like it. You need to also look

496
00:22:42,480 --> 00:22:45,800
Speaker 1: out for changed packaging and buzzwords like new on the

497
00:22:45,840 --> 00:22:47,960
Speaker 1: box or pack it, because this can indicate that a

498
00:22:48,000 --> 00:22:53,000
Speaker 1: product has drunk, but it probably has retained its old price. Okay,

499
00:22:53,359 --> 00:22:56,040
Speaker 1: there's an app though, beck because obviously this is overwhelming.

500
00:22:56,119 --> 00:22:59,919
Speaker 1: It is called Frugal fr ugl no E on the end,

501
00:23:00,400 --> 00:23:03,800
Speaker 1: which is an Australian grocery price comparison and list building

502
00:23:03,840 --> 00:23:06,119
Speaker 1: app that might help you keep track of these changes.

503
00:23:06,280 --> 00:23:09,560
Speaker 4: That's very good, I know, right, I'm cray that literally

504
00:23:09,600 --> 00:23:11,840
Speaker 4: as soon as we're done here, crazy. So what are

505
00:23:11,880 --> 00:23:13,439
Speaker 4: some other things to keep an eye out for?

506
00:23:13,560 --> 00:23:16,760
Speaker 1: If anything? Oh, my favorite is that two for one,

507
00:23:17,040 --> 00:23:19,159
Speaker 1: whether they're like, oh, I'll get two for one or like,

508
00:23:19,240 --> 00:23:21,800
Speaker 1: you know, buy two get one free, like it might

509
00:23:21,840 --> 00:23:23,800
Speaker 1: not actually be cheaper, or so you might be buying

510
00:23:23,800 --> 00:23:26,919
Speaker 1: a product but you don't ultimately need lots of like

511
00:23:27,000 --> 00:23:30,120
Speaker 1: how often do you actually buy that certain product? If

512
00:23:30,119 --> 00:23:31,639
Speaker 1: it makes sense for you, great, it might be a

513
00:23:31,680 --> 00:23:34,360
Speaker 1: money win, but just keep an eye out because marketing,

514
00:23:34,600 --> 00:23:37,160
Speaker 1: they spend millions of dollars each and every single year

515
00:23:37,200 --> 00:23:39,280
Speaker 1: as a supermarket to work out how to sell you

516
00:23:39,400 --> 00:23:40,080
Speaker 1: more stuff back.

517
00:23:40,200 --> 00:23:40,840
Speaker 4: They know what they're doing.

518
00:23:40,920 --> 00:23:43,080
Speaker 1: They know what they're doing. It's not some like nice

519
00:23:43,080 --> 00:23:45,480
Speaker 1: thing where they're like, oh this week or now roll thoughts,

520
00:23:45,520 --> 00:23:46,760
Speaker 1: we're going to do two for one and you go,

521
00:23:46,840 --> 00:23:49,520
Speaker 1: oh my gosh, how kind are they? They're not being

522
00:23:49,600 --> 00:23:53,479
Speaker 1: kind of their own hearts exactly, and then be weary

523
00:23:53,520 --> 00:23:56,120
Speaker 1: of the way supermarkets are organized. So this is about

524
00:23:56,200 --> 00:23:59,760
Speaker 1: user experience. They are designed to make you leave with

525
00:23:59,840 --> 00:24:02,280
Speaker 1: more stuff. I don't know if you've noticed this, but

526
00:24:02,760 --> 00:24:05,520
Speaker 1: all of the essentials of a supermarket are around the

527
00:24:05,560 --> 00:24:08,479
Speaker 1: outside edge of the supermarket when you walk in, so

528
00:24:08,520 --> 00:24:10,560
Speaker 1: you'll have fresh produce and the deli and all the

529
00:24:10,640 --> 00:24:12,520
Speaker 1: like milk and stuff will be across the back, and

530
00:24:12,520 --> 00:24:15,040
Speaker 1: the bread and the cheese they'll be on the other side,

531
00:24:15,359 --> 00:24:18,080
Speaker 1: so you have to walk around, so inadvertently you have

532
00:24:18,160 --> 00:24:20,720
Speaker 1: to go down the aisles for things that you might

533
00:24:20,760 --> 00:24:23,919
Speaker 1: not necessarily need, and then they also try to upsell

534
00:24:23,960 --> 00:24:25,719
Speaker 1: you at checkout. They're having all the gums and the

535
00:24:25,720 --> 00:24:29,280
Speaker 1: lollies and the things sitting there so that you go, oh, actually,

536
00:24:29,320 --> 00:24:30,800
Speaker 1: I do need a gum. You're gonna jump in the

537
00:24:30,800 --> 00:24:32,720
Speaker 1: car straight after this, or I do need a drink,

538
00:24:32,840 --> 00:24:35,159
Speaker 1: or I do want this. Like they are smart. They

539
00:24:35,200 --> 00:24:38,560
Speaker 1: have spent millions, if not billions, on marketing and making

540
00:24:38,600 --> 00:24:41,600
Speaker 1: sure that your user experience gets you into the store

541
00:24:41,760 --> 00:24:44,480
Speaker 1: but gets you buying more in the store. So it's

542
00:24:44,520 --> 00:24:47,239
Speaker 1: interesting to I guess, look into stuff like that, but

543
00:24:47,400 --> 00:24:50,600
Speaker 1: just be wary. To save money in a supermarket, one

544
00:24:50,680 --> 00:24:53,320
Speaker 1: of the best recommendations is to stick to the outside

545
00:24:53,320 --> 00:24:54,840
Speaker 1: and don't go down the middle aisles.

546
00:24:54,960 --> 00:24:57,280
Speaker 4: Totally. I'm a sucker for checkout gum though.

547
00:24:58,760 --> 00:25:02,680
Speaker 1: Woul just new it's just a beck thing to be into.

548
00:25:03,080 --> 00:25:05,960
Speaker 4: It really is lose math bars anyway.

549
00:25:05,960 --> 00:25:08,240
Speaker 1: When they're a dollar, you're like, well it's only a dollar.

550
00:25:08,359 --> 00:25:10,440
Speaker 4: It's gonna save you money in the link exactly.

551
00:25:11,080 --> 00:25:12,960
Speaker 1: But it's a smaller Mars bar through a door.

552
00:25:13,080 --> 00:25:14,800
Speaker 4: Oh that's true. I think this is a really good

553
00:25:14,800 --> 00:25:15,600
Speaker 4: place to leave it for now.

554
00:25:15,640 --> 00:25:18,080
Speaker 1: I couldn't agree more. I am done because I'm mad

555
00:25:18,080 --> 00:25:18,800
Speaker 1: about the muffins.

556
00:25:18,880 --> 00:25:20,480
Speaker 4: Yes, let's go download Frugal.

557
00:25:20,359 --> 00:25:22,720
Speaker 1: YEP ten out of ten and we would obviously love

558
00:25:22,760 --> 00:25:25,240
Speaker 1: to hear from you. But happy Wednesday, my friends, and

559
00:25:25,280 --> 00:25:27,200
Speaker 1: we will see you for Friday drinks on Friday.

560
00:25:27,320 --> 00:25:27,879
Speaker 4: Bye guys.

561
00:25:34,080 --> 00:25:36,680
Speaker 3: The advice shared on She's on the Money is generally

562
00:25:36,840 --> 00:25:40,639
Speaker 3: nature and does not consider your individual circumstances. She's on

563
00:25:40,680 --> 00:25:44,159
Speaker 3: the Money exists purely for educational purposes and should not

564
00:25:44,240 --> 00:25:47,240
Speaker 3: be relied upon to make an investment or financial decision.

565
00:25:47,600 --> 00:25:50,040
Speaker 3: If you do choose to buy a financial product, read

566
00:25:50,080 --> 00:25:53,720
Speaker 3: the PDS TMD and obtain appropriate financial advice.

567
00:25:53,440 --> 00:25:54,800
Speaker 1: Tailored towards your needs.

568
00:25:55,160 --> 00:25:59,080
Speaker 3: Victoria Divine and She's on the Money are authorized representatives

569
00:25:59,119 --> 00:26:01,480
Speaker 3: of Money Shopper, p T Y L T D A

570
00:26:01,600 --> 00:26:04,520
Speaker 3: B N three two one six four nine two seven

571
00:26:04,600 --> 00:26:07,480
Speaker 3: seven zero eight a F s L four five one

572
00:26:07,680 --> 00:26:09,560
Speaker 3: two eight nine