Wednesday, April 26, 2023

Fools in charge

The cost of living spiral is going to end badly for a lot of lower paid workers. Of course, the Public Service class and many others are immune from the real pain.

Price reviews reflecting higher wholesale gas prices led to rises in gas and other household fuels, with rises seen across all eight capital cities and the strongest rise recorded in Melbourne (+22.7 per cent). "This quarter's rise was notable as prices increased in all eight capital cities, whereas typically only Melbourne's prices are reviewed in the March quarter," said Ms Marquardt. Higher prices reflected major events over the past year including the ongoing war in Ukraine and unplanned outages at coal fired power stations.

https://www.abs.gov.au/media-centre/media-releases/cpi-rose-14-cent-march-2023-quarter

it is high time to stop blaming skirmishes in Eastern Europe for matters that were generated by bad governments around the globe.

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