good post kincella, all truths...even if inflation were running at 3.5%, bank interest at 5%, the price hikes that will be passed on now through the CT or just wage increases will take care of the 1.5% real quick! As well of course, you pay tax on the interest you earn as it is added to your income, could even slide you into the next tax bracket through the ole fiscal creep...so forget any real increases, you will go backwards rather quickly.
The only place prices don't continually rise is Maccas, their product just gets smaller. It was discussed here a while back how the size of goods have shrunk, but the price has remained the same...same difference.
Our dollar buys less and less every year, compare todays price with the same item in 12 months time, I will bet that if an item is $9.50 today it will be more than $9.85 in 12 months. Thats only an increase of a little more than 3.5%.
