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

posted 1 year ago

PetulantBandicoot@aussie.zone

australia@aussie.zone

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Humanbiscuit@lemmy.ml

10 points

1 year 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.

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PetulantBandicoot@aussie.zoneOP

2 points

1 year 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.

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