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Inflation result of whack with real life-spun1
PostPosted: Wed 14:47, 02 Oct 2013
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Inflation result of whack with actual life,[url=http://peutereyoutletitaliaonline.olimx.com/][b]Peuterey Outlet[/b][/url]
The most recent Consumer Price Index, released by the Australian Bureau of Statistics a week ago, claimed the price of living had risen just by 3.1 percent in the past year.
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For example,[url=http://giuseppezanottichainsandals.olimx.com/][b]giuseppe zanotti sandals[/b][/url], electricity prices have risen 18 percent during the last Twelve months. Gas expires 10 per cent. Childcare has become 6 percent more expensive and health costs have increased 5 percent.
The CPI has been dragged down by an 8 per cent plunge within the price of computers, TVs and a decline in the price of holidays.
AMP chief economist Shane Oliver said most people would feel as if the actual cost of living was increasing at 5-6 per cent annually -- double the amount official rate.
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In December the ABS announced a review of the CPI.
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University of Canberra lecturer in public finance Ian McAuley required an expense of living index for older people,[url=http://duveticaouterwear.blogspot.com/][b]duvetica outlet[/b][/url].
"If you are old and living at home -- not relaxing in an office all day while using boss' heater -- it may get expensive," Mr McAuley said.
He explained the CPI needed to reflect price alterations in rural and regional areas,[url=http://monclerjackenonlinech.albirank.net/][b]Moncler Günstig[/b][/url]. Right now it was the typical of prices in Australia's eight state and territory capitals only,[url=http://billigmonclerjackenkaufen.olimx.com/][b]Moncler Jacke Damen Outlet[/b][/url].
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It said the CPI was updated significantly less frequently than other advanced economies.
J Bell of Gawler Posted at 10:19 PM August 04, 2010
I no more have confidence in the inflation figure. Not since years ago someone decided to largely ignore the effect of house price increases. I imagine this was to create a lower inflation number, because house prices rose so quickly. In my experience this smacked of manipulating the statistics to satisfy the client - the government. Just as the unemployment minute rates are false, since an individual working even one hour per week is classified as employed. Just as the average wage is really a poor way of measuring the income of the normal person - because the average of $50k is skewed substantially by those earning millions - the median wage is $30k is a more realistic measure for the person in the pub. So don't quote statistics unless they're properly measured.
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