yes folks we have high inflation here ...

"Prices for electricity, water and heating gas have risen 40 percent in the past three years, and food is 11 percent more expensive, according to government data..."

At http://www.bloomberg.com/news/2011-12-29/billabong-left-behind-as-thrifty-shoppers-sit-out-australia-boom-retail.html

My comment:

Now throw in the nasty inflationary effects of the carbon dioxide tax from July 1st., 2012 and yes ... we have inflation, very high inflation.