Follow The Money, page-688

Andy

You want to see real inflation. Look at the medical insurance industry and insurance full stop.
Medical insurance goes up about 6 to 7% per year and home insurance has gone up every year for the past 4 or 5.
5 years ago the insurance on a property I own was 400 now it is 670.
The electricity charges p/kwh on that property has gone up about 70% in the last 3 years alone.

Oh there is inflation and then there is falling wages in real terms. Now Westpac has decided to raise inflation by raising mortgage rates by 0.2%. Only a small rise but what of next year

Inflation is around if you want to see it and usually on the essential items that people need every day.
Good steak in QLD is now around 22 to 30 bucks a kilo.

I could go on but its Friday night and we are quaffing some good red so Ill sign off.