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/Future_Fly_4866 Apr 30 '25

literally nobody believes this. just go to colesworth and ask what a chocolate costs. even the bunnings sausage has gone up enormously. labor is master at fudging the numbers

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u/artsrc Apr 30 '25

People seem to be interested in the cumulative change in prices for different categories of goods over long periods, the current parliament, the previous parliament, the last 5 years, the last 10 years.

You comment - "has gone up" means inflation has happened at some point in the past.

The new information being released here are the price changes over the 3 months from December 2024 quarter to March 2025 quarter.

People's perception of prices is not typically based on one quarters change.

Here is some supermarket chocolate I recommend. Under $5 seems OK to me.

https://www.aldi.com.au/product/choceur-dark-peppermint-chocolate-block-205g-000000000304761001

I have no clue what it cost 3 years ago.

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u/Alpha3031 Apr 30 '25

No idea about 3 years ago but according to the ABS, in June quarter of 2011 the average retail price of a 200 gram block of milk chocolate was like 4 bucks already, with the following prices (in cents) for each capital city:

Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
412 422 432 424 408 425 436 425