Public transport fares up again in the New Year. It is always the same story. We are told it is an average of 2.1%. Now that would make a rise of seven cents for a $3.30 two hour zone 1 ticket. Ok, round it up to ten cents and you have $3.40, but no, it will be $3.50. Happens every time.
Electricity increase up to 17.6%. The price of water is going up a lot. Gas, rising up to 7.5%. Ok, I do see the connection between drought and electric and water price increases, but gas? Since when does gas production depend heavily on water?
Meat, vegetable and bread and egg prices are rising fast, due to the drought we are told. My vague memory of economics from school recalls something about supply and demand. So that makes sense. There is a shortage of water to grow primary produce and so a shortage of the produce, so the price rises.
Farmer Dave must be rubbing his hands together. Although he doesn't have the quantity to sell, he is getting a high price for his produce. Nope, Farmer Dave is getting low prices, very low prices. I wonder who is making all the money then? You whistle and I will point.
Excuse me while I call my stockbroker and buy some Coles and Woolworths shares.