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Inflation result of whack with real life-spun1
PostPosted: Wed 14:47, 02 Oct 2013

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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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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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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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