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Saturday, 26 May 2012

Cost of Living

I have been wondering about this for quite some time.  So I decided today to do a little checking.

Turns out the average annual inflation rate in Australia is round about 3%.  This means that since 2004, the price of everything has gone up by 26%.  More or less.  This is the official figure.  The start date I am using coincides with my arrival in this country.

Lets look at some practical truths.

Gasoline:  Was $1.10/L now $1.55  increase:  41%
Cat Food  Was $0.89/ tin  now $1.53  increase: 71%
Pepsi Max:  Was $8.99/ 24 cans  now: $14.99  increase: 66%
Bread  Was $1.10/loaf  Now: $1.49  increase: 34.5%
Cheese: was $8.99/kg block  Now $11.99  increase:  33%

I don't want to even talk about meat.  This country is crawling with cows, exporting tens of thousands overseas yet a t-bone costs about $24/kg.

Were I to discuss power costs, some of the older people out there may well have a heart attack.

Recently, I had to fill my car up.  I stopped putting fuel in the tank when the pump read $100.  I hadn't finished filling it.  Fifteen years ago I worried about how much change I would get from a fifty.  

My council rates, in 3 years have increased from $489 to about $600 per 6 months.  A shocking and undefendable increase in excess of 20%.

I know in the last three years, the wages where I work have gone up about 5%.

Thats all.  5%

No wonder there's more month left at the end of the money.

I can't see the official figure as being accurate.  I would actually suggest that the effective inflation rate over that time period was closer to 7% than 3. 

Cut back, I'm told and forced to do, regardless.  But now, If I cut back any more I'd need a guillotine.  A sentiment the crowd of creditors must certainly share.

I'm beginning to think I know what its like to be Greece.

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