RBA acknowledges people need help, page-10

  1. 96,848 Posts.
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    ''Can you explain how people buying groceries inflates the price of groceries?''

    you need to know about supply and DEMAND??

    as to groceries - I'd guess that a lot of price rise is from fuel at times. Veggies and fruit - from floods -------- and a lot of imported goods ---------- from currency moves.

    the demand side varies as people have more or less money to spend. The demand for some goods grows as people have less to spend - but, the demand for other products drops

    but, of course - 6 year olds know this ------- maybe ask one when you see one eh?
 
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