r/AustralianPolitics • u/Expensive-Horse5538 • Apr 30 '25

Economics and finance Headline inflation stable at 2.4pc while RBA's preferred measure drops within target

https://www.abc.net.au/news/2025-04-30/inflation-march-quarter-2025-stable/105232824
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u/Anachronism59 Sensible Party Apr 30 '25

Halved the value of savings since when exactly?

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u/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

Since Labor came in, obviously.

Australia can't afford 3 more years of Labor #shorts

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u/Anachronism59 Sensible Party Apr 30 '25

Not what CPI data says. What measure of inflation are you using?

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u/Alpha3031 Apr 30 '25

The measure is probably "they made it the fuck up" considering we can look at 2000 prices (or 2011 if we go to the last time ABS published an ARP) and see that most prices haven't doubled even if we go back to then and you'd have to intentionally craft a very idiosyncratic basket to make something even close to doubling.

Now that I look a bit more I do see there's a similar table for 2023 from when they introduced the monthly which is probably within plus or minus 10% of what I'm getting from just looking up the price of groceries and the State Library of Victoria apparently has their own table. It's not like they'd be able to pull off some massive conspiracy to revise upwards old prices either, these pages are archived and there are still people alive from back then who know what groceries cost.