- 8 June 2008
- Reaction score
same here, once a salary stop falling there is a much more acute look at your day to day cost: the life pace is more level so your purchase more level too: you eat at home veryday so no business travel etc..as a result you can easily and relatively accurately look at your expenses and the shopping trip cost..and yes it is going up: in season tomatoes at 4 to 8$ a kg? I was thinking a month ago; meat is cheaper!!!!!Yup, and they're always looking in the rearview mirror.
I say this somewhat flippantly, but I use my dear old Mum and Dad as a "leading indicator of inflation". They're retired and on fixed income so very sensitive to price increases in everyday items. My dad has always been a grumpy old man and so complains about everything, but my mum is far more considered. For the past two months she's been complaining about the significant increase in her everyday shopping: the recent increases in bread from bakers delight, the exorbitant price of Brussel sprouts in Coles and that petrol is not far off $2 a litre. Their cost of everyday necessities has increased dramatically over the past few months and looks set to continue to increase. If that ain't inflation not sure what is.
Well meat going up too based on last trip to woolies..
we do not buy either as pretty self sufficient but outch..bread at $7 a nicer loaf..seriously? etc etc
then petrol costs, etc
noone in his right mind could deny serious inflation taking place.
Lastly AUD has fallen 5% vs USD in the last month..expect some serious related cost soon for imports