http://www.moneymorning.com.au/20090622/why-the-mainstream-media-still-doesnt-get-it.html Australian Financial News That Matters in 90 Seconds or Less Fri, 12 Mar 2010 14:13:38 +0000 http://wordpress.org/?v=2.8.5 hourly 1 http://www.moneymorning.com.au/20090622/why-the-mainstream-media-still-doesnt-get-it.html/comment-page-1#comment-64 John Pinn Sun, 28 Jun 2009 05:10:58 +0000 http://www.moneymorning.com.au/?p=1944#comment-64 As an analytical type, living single for many years, and having had to watch spending closely in the past couple of years, I can vouch that inflation is being hidden by the silent and unannounced reduction in the content of packaged goods. It is being applied to a wide range of items but is most blatant in groceries - cereals, bread, canned fruit, canned fish, even chocolate. There is sometimes a price rise attributed to inflationary costs, thus multiplying the effect. It obviously suits the supermarkets who stand to make extra profit and the governments won't complain because it brings in more GST. It is interesting that the Fed Govt suddenly dumped its Grocery Choice website so soon after a meeting with major supermarket executives; on top of the supermarkets being asked to show quantity based pricing on its shelf items, Grocery Choice would have been too threatening. Cheers As an analytical type, living single for many years, and having had to watch spending closely in the past couple of years, I can vouch that inflation is being hidden by the silent and unannounced reduction in the content of packaged goods. It is being applied to a wide range of items but is most blatant in groceries – cereals, bread, canned fruit, canned fish, even chocolate. There is sometimes a price rise attributed to inflationary costs, thus multiplying the effect. It obviously suits the supermarkets who stand to make extra profit and the governments won’t complain because it brings in more GST. It is interesting that the Fed Govt suddenly dumped its Grocery Choice website so soon after a meeting with major supermarket executives; on top of the supermarkets being asked to show quantity based pricing on its shelf items, Grocery Choice would have been too threatening.
Cheers

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