'Hairdressers, dentists and dining out': The price rises that told the RBA it needed to raise rates again (www.abc.net.au)

submitted 11 months ago by PetulantBandicoot@aussie.zone to c/australia@aussie.zone

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[-] Humanbiscuit@lemmy.ml 11 points 11 months ago

Current RBA structure is proving inadequate at identifying profiteering by certain business sectors, where a small choice of service providers (duopolies or in some cases, even monopolies) offer consumers in Australia little choice but to continue to accept higher prices/fees. There are some extremely poor conclusions drawn if the article is accurately summarising the position of the RBA.

[-] PetulantBandicoot@aussie.zone 2 points 11 months ago

Exactly my issue with the current inflation. Every time I walk into a supermarket, I notice the price on something I eat or use go up.

I still have to feed myself, and I can't see myself "reducing" spending any further in this regard.

this post was submitted on 22 Nov 2023

14 points (100.0% liked)

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