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Cost of living baskets.; Have they changed? What would you put in one?
Topic Started: 8 May 2012, 03:20 PM (1,143 Views)
audas
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Frank Castle
8 May 2012, 05:17 PM
Really depends where you get it doesnt it.

You can buy pork mince in 500gram packs at coles for $12-00 a kg
https://www.colesonline.com.au/webapp/wcs/stores/servlet/TopCategoriesDisplay?storeId=13552&catalogId=12552&state=QLD&krypto=AcuVQYzLlnfVAayFXj5tPg%3D%3D&ddkey=https:ShowWebStore

or you can buy pork eye fillet here for $9-99 a kg
http://superbutcher.com.au/online/custom/this-weeks-specials/

Works the same with beef mince
Coles is $12-00 a kg for premium
or SB have it for half that.


Same with most things, pays to look around.
I am actually a believer of, because of where I shop, that food is about the same price but the quality is better.
I use Wagyu for making curries FFS, buying it cheaper/kg than they sell pre cubed shit at woolies.
They swapped them for each other, steak used to be classified as a consumer item of regular consumption and was included in the basket,
it was reclassified as luxury and taken out and replaced with ground beef. Because, well, it would cause inflation.

Basically anything which reveals inflation is taken out, anything which conceals it is added in - anything digital / electronic from Asia IN, anything like food, houses, etc OUT.


Manipulating life indexes is part and parcel - thats why the US has nine indicators of employment.
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Sunder
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audas
9 May 2012, 11:22 AM
They swapped them for each other, steak used to be classified as a consumer item of regular consumption and was included in the basket,
it was reclassified as luxury and taken out and replaced with ground beef. Because, well, it would cause inflation.

Basically anything which reveals inflation is taken out, anything which conceals it is added in - anything digital / electronic from Asia IN, anything like food, houses, etc OUT.


Manipulating life indexes is part and parcel - thats why the US has nine indicators of employment.
That actually makes sense to me as long as it goes the other way -

In say, the 1990s, mobiles were luxury items, and therefore excluded, but now, mobile phones are basic requirements, and therefore now included - which would have a once off immediate bumping effect on inflation. (Good went from costing say $0 per year, to $1000/year)

Property speculation is a type of gambling... But everyone knows that in gambling, the house always wins in the end.
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Thatguy
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zaph
8 May 2012, 06:30 PM
I've tried those type of butchers (maybe not that exact one) and have only had bad experiences. the prices are cheaper but the quality is crap, far worse than coles. if you buy at coles on special or reduced because it's reaching it's used by date the prices seem similar but the quality better. maybe i should try the exact one you mention.

when i lived in Aspley the local butcher had great meat at a price only slightly above coles. for the best meat, and anything exotic in Brisbane I recommend the meating place, but be prepared to pay.
I'm with Shadow on this one 99.999%

We regularly shop at bulk butchers - the one at Virginia in North Brisbane. It's better quality than coles for cheaper...hands down...99.999% percentile certainly kinda hands down. Heck I have shares in Wesfarmers so feel free to go to Coles but it definitely ain't better by a loooong stretch.

Get a vacuum packed sirloin and leave it in the fridge for another month untouched. then cut it up nice at least 30mm thick.
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Thatguy
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Sunder
8 May 2012, 03:20 PM
I was just thinking about the recent NATSEM report, saying that the average family has $224 more per week in real terms, than they did in 1984, and yet we're feeling "cost of living rises".

It just made me think about the technique they use to compose cost of living. Can they reflect changing expectations?

In 1984, I assume the basket might look something like this:

* Food - Mostly fresh
* Clothing
* Cars (Changed every 10 years)
* Petrol (12,000km/year)
* TV, Radio, etc (Replaced every 10 years)

In 2012 the expectation must have changed -
* Food, a mix of fresh, frozen, prepared, and eaten out
* Clothing
* Cars (Changed every 7 years - that's a guess, but I know the trend tends to be shorter ownership)
* Petrol 22,000km/year less some improvements in fuel efficiency
* TV (Replaced every 2-3 years now)
* Computer
* Internet
* Mobile

You get my point? If now, you never eat out, you're poor. In 1984, if you never at out, you were normal. Now, if you don't have a computer - or one per school age child - you're disadvantaged. Back then, nobody had computers. We drive more, we replace our devices more regularly. We're more status conscious, we're more entertained.

So that $224... Has that just been eaten up by changes in expectation?
I'd also add the cost of owning and maintaining at least 200hp/tonne of vehicle. It's a basic.

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