The prices we are getting are skyrocketing:
Boosting our trade position so far that the ABS has had to break the trend !!!
Yet our spending in shops is diving:
And we are not building much at all:
Go figure.
More graphs here.
The prices we are getting are skyrocketing:
Boosting our trade position so far that the ABS has had to break the trend !!!
Yet our spending in shops is diving:
And we are not building much at all:
Go figure.
More graphs here.
Businesses are literally queuing up to confess their involvement in illegal cartels, approaching the Australian Competition and Consumer Commission for immunity from prosecution at the rate of one per month.
The ACCC Chairman Graeme Samuel revealed the figure in an address to the National Press Club yesterday in which he called for jail terms as a punishment for business leaders found to have
In the ACT, an independent regulator sets the maximum price that the dominant supplier ActewAGL can charge. ActewAGL stands for ACT electricity and Water - Australian Gaslight Company, and is a distribution operation jointly owned by the ACT government and AGL.
It's report, out Friday, makes excellent, and a times funny reading. I summarise some highlights in this morning's Canberra Times:
Ever
The Prime Minister yesterday dramatically stepped up his rhetoric on prices, painting a picture of an “inflation monster” set to wreak havoc on Australian families.
Until now inflation has been described as a “dragon”, by the former Prime Minister Paul Keating who in the late 1990’s infamously and unwisely declared it “dead”, and as a “genie let out of the bottle” by the current Treasurer Wayne
We are about to be treated to something much bigger, far more useful, and potentially lethal to retailers who pad their prices.
Colloquially known as ‘FoodWatch’ it’ll measure the price of the same basket of groceries in every major supermarket in every region of every city and every reasonably-sized country town. Then it’ll put the results up on the web to help us plan our shopping.
Will it
When you go out looking for petrol today what do you expect to pay? Will it be 169.9 cents per litre, or perhaps 164.9?
Whatever the price, it is certain to end in a nine.
But why, when we all know that for practical purposes 169.9 is 170?
Surely it can’t be because we’re all fooled into believing that we are paying a lower price?
The reassuring news just published in the journal
...is getting deeper.
Australia’s love affair with mobile phones has scaled new heights.
According to the Australian Mobile Telecommunications Association a record 10,056,640 mobile phones were shipped to Australian stores in the year to May – the first time annual sales have passed 10 million.
The figure suggests that one in every two Australian has bought a new mobile phone in the past year
The interest rate hikes are working, oil prices are helping.
Consumer confidence has fallen to recession levels with an expert predicting that only the coming tax cuts will prevent spending from stalling.
The latest Westpac-Melbourne Institute survey shows confidence sliding a further 5.6 per cent in June to its lowest point since Australia was emerging from the 1990-91 recession.
Westpac's
The Prime Minister yesterday dramatically stepped up his rhetoric on prices, painting a picture of an “inflation monster” set to wreak havoc on Australian families.
Until now inflation has been described as a “dragon”, by the former Prime Minister Paul Keating who in the late 1990’s infamously and unwisely declared it “dead”, and as a “genie let out of the bottle” by the current Treasurer Wayne
At least don't make it your rule of thumb.
Until now you have probably thought that you were good at maths. You probably thought you got value for money when you shopped.
You might be about to discover that you were wrong on both counts.
The Competition and Consumer Commission is likely to recommend a compulsory national system of “unit pricing” as a result of its grocery inquiry. Family First
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