Hesi Posted October 7 Share Posted October 7 Much comment around NZ about the price of doing a supermarket shop these days. So I did a bit of digging CPI 2021 - 3.9% 2022 - 7.2 2023 - should be around 6.0 That means something that cost $1, 3 years ago, should cost $1.18 now, an increase of 18%. I think most people would not see that as excessive but would laugh at the suggestion that their bill had gone up only 18% in 3 years. For the average family of 4, the spend was estimated at $400, 3 years ago, so that would be $472 now. The reality is, many prices have gone up a lot more than that, probably 40-50%, and I would suggest it is because the supermarket duopoly is taking advantage of 'inflation', to push up prices a lot more, price gouging in other words. I've bought a box of Kellogs Corn Flakes for as long as I can remember, it always used to cost $3.50, now costs $5. That is an increase of 43%. If we are paying the inflation adjusted price, it should be $4.13, so a big difference. Surprisingly the price of bread and milk has gone up only a small amount. I guess the supermarkets know if they try their price gouging tricks on staple items like milk and bread it would attract too much attention. A loaf of bread or a 2l bottle of milk at $6 would as I said attract too much attention. Of course, the piss weak Commerce Commission, won't take this head on. Quote Link to comment Share on other sites More sharing options...
barryb Posted October 8 Share Posted October 8 There's fuel, min wage increases & silly compliance costs that your goons have installed or not repelled. Business is not equally subject to the CPI mate. Quote Link to comment Share on other sites More sharing options...
Midnight Caller Posted October 8 Share Posted October 8 As I have tripped back over the years to NZ, I have seen the sharp rise in goods and services. I don't know how the average Kiwi survives without being loaded down with debt. I'm presuming now that most mortgage borrowing is 7/8 times or more of the household salary. The heavy reliance of imports is tipping NZ into the Pacific. Don't get me wrong I still love NZ, but it is a small fish in a big pond.The imagration rates to Aus and beyond tell a story that NZ unfortunately can't compete salary wise with other countries with the cost of living in the country. I would love to return to NZ, but at this point and time Nz falls well short in living costs and salaries for Mrs M and I. 2 Quote Link to comment Share on other sites More sharing options...
Hesi Posted October 8 Author Share Posted October 8 If you look at the Stats NZ website, who do the CPI, you find the below. What does not compute to me, is that they are actually collecting and measuring the costs/prices. Yet the figures they are getting of 7.2% in 2022 and 6.0%(est) in 2023, or approx 14% increase over 2 years. How many people believe prices of food items have just gone up 14% over the last 2 years. From the comments I regularly hear from friends and family, it is a hell of a lot more than that. So what is missing here, anyone? Consumers price index The consumers price index (CPI) measures the changing price of the goods and services New Zealand households buy. It provides a measure of inflation. To calculate CPI we select a fixed 'basket' of goods and services. We choose the items and determine their relative importance based on spending patterns. The items in the CPI basket represent how New Zealand households spend their money. We collect the prices of the goods and services in the basket over time to measure how they change. You can find out about price changes for 11 CPI groups: food housing and household utilities health recreation and culture education communication clothing and footwear transport alcoholic beverages and tobacco household contents and services miscellaneous goods and services. Quote Link to comment Share on other sites More sharing options...
Maximus Posted October 9 Share Posted October 9 21 hours ago, barryb said: There's fuel, min wage increases & silly compliance costs that your goons have installed or not repelled. Business is not equally subject to the CPI mate. 4 hours ago, Midnight Caller said: As I have tripped back over the years to NZ, I have seen the sharp rise in goods and services. I don't know how the average Kiwi survives without being loaded down with debt. I'm presuming now that most mortgage borrowing is 7/8 times or more of the household salary. The heavy reliance of imports is tipping NZ into the Pacific. Don't get me wrong I still love NZ, but it is a small fish in a big pond.The imagration rates to Aus and beyond tell a story that NZ unfortunately can't compete salary wise with other countries with the cost of living in the country. I would love to return to NZ, but at this point and time Nz falls well short in living costs and salaries for Mrs M and I. you'd be mad to come back, MC. Max is already contemplating a departure to the Sunny Coast if the loony left/teal/fruitcake/TPM boffins get back in. This country needs serious change to avoid becoming a banana republic. Here's one from last week: cops respond to possibly gang-related in incident in suburban Whangarei; when they arrive the people involved in altercation have departed. Cops decide to stop a car reversing down nearby driveway; two youths/"boys" have ID and car rego/WOF checked. All good, but there's a bong on the front passenger seat, so they do a warrantless vehicle search - and discover a gun and ammo under a seat. When the case gets to court, the judge throws it out cos cops guilty of 'racial profiling' ie only stopped the car cos the young fellas were (or looked) Maori. Judge says cops wouldn't have stopped car if the occupants were a couple of elderly people. Judge name Greg Davis, brother of Kelvin. Go figure. Any wonder why no-one wants to be a cop in NZ any more? Cops trying to do their job; judicial system letting them down with weak/soft/kid gloves treatment. MM 1 Quote Link to comment Share on other sites More sharing options...
barryb Posted October 9 Share Posted October 9 On 10/9/2023 at 9:10 AM, Midnight Caller said: As I have tripped back over the years to NZ, I have seen the sharp rise in goods and services. I don't know how the average Kiwi survives without being loaded down with debt. I'm presuming now that most mortgage borrowing is 7/8 times or more of the household salary. The heavy reliance of imports is tipping NZ into the Pacific. Don't get me wrong I still love NZ, but it is a small fish in a big pond.The imagration rates to Aus and beyond tell a story that NZ unfortunately can't compete salary wise with other countries with the cost of living in the country. I would love to return to NZ, but at this point and time Nz falls well short in living costs and salaries for Mrs M and I. Yep certainly get that & you wont find any disagreement from me. However there is more to consider than just purely economics, compared to Aus we have lost our way a bit with regards to prosperity for its people (well those of European ethnicity in Australia). Most others are poorly regarded & including NZers until very recent times were regarded as great for working & driving the economy but don't rely on us (Aus Citizens) for support during tough times as you are second class. Australia has had a mighty lift up on the back of resources untapped until the 20 century & in wide demand until recent times. Australian debt to GDP is 42% (falling), compared to NZ's 37% (rising). Australian household debt is $1957USbillion or $261k per household, compared to NZ's $226 US Billion or $180k per household Quote Link to comment Share on other sites More sharing options...
barryb Posted October 9 Share Posted October 9 Summed up, bad times are a coming for Aus & its people unless this can be kept under control. Quote Link to comment Share on other sites More sharing options...
Maximus Posted October 10 Share Posted October 10 Max has nearly thrown up his porridge this morning, hearing the scurrilous former PM endorsing Chippie if we want continued action on climate change ..bla bla "I want to acknowledge my friend .." bla bla bla Well let me tell you something, Cindy, Chippie, Chris, Winnie, Jimmy and all the rest of you politicians riding the gravy train at the expense of we ordinary Kiwis: Leading a democratic nation is not about whether the leader is your friend or not. It's about being able to do the greatest good for the greatest number of your citizens. For the last three years Hipkins has been pretty much the only Labour politician capable of even managing his/her portfolio. Lord knows how many scandals and replacements there have been in such a short time... I havent seen or heard Kiri Allan endorsing anyone! That does not mean a lolly scramble and reckless borrowing/spending of taxpayers' money. It's about increasing the productivity of the workforce and incentivising work, not laziness. It's about punishing criminal behaviour and assisting the innocent victims first, not last. This Labour government will go down in history as the most ineffectual in NZ history; Cindy jumped ship and left her 'friend' Chippie to pick up the pieces after her radical policies proved to be untenable. Max expects a centre-right coalition to be the result come Sat night, possibly a bigger Party vote for the Nats than we think. Too many non-Nats voters who have backed Winnie in the past do not trust him anymore and think he is too old to be effective going forward. For Max, the big question is whether Act can do well enough to have some serious influence on economic and law/order/justice policies. MM Quote Link to comment Share on other sites More sharing options...
Freda Posted October 10 Share Posted October 10 We'd better be hoping that the Mob and Black Power don't mobilize to answer the call. Listening to some of the replies of ordinary folk when interviewed on the street alarms me. Quote Link to comment Share on other sites More sharing options...
Maximus Posted October 10 Share Posted October 10 i still have some confidence in 'middle New Zealand' to do the sensible thing...there's an awful lot of 'oldies' out there! MM Quote Link to comment Share on other sites More sharing options...
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