$220,000 worth of donations in 2017-18
Nathan J,
That's about the annual cost for a bureaucrat who really achieves nothing of benefit to society and, they'll never disclose how many of them they harbour !

The food item that shot up by "several dollars" overnight still remains unidentified.

The liars and bullsh-t artists don't even feel the need to defend their lies and bullsh-t these days; probably because your average knobhead doesn't ask questions,

Mhaze

Your reference to financial illiterates and just who is responsible for their "suffering" is appreciated.

"mhaze, you could actually focus on the issues at hand."

The issue at hand is that inflation is NOT caused by the retailers. But economic illiterates see only the cost of the goods at the store and think the rises are caused by the actual store.

An RBA study last year found that the main cause for rises in prices in retail stores was rises in costs of the actual item followed by increases in wages, adverse exchange rate effects and interest costs. None of those are caused by retailers but they get the blame by those who don't understand how the system works.

According the the Bureau of Statistics the average EBIT (Earnings Before Interest and Taxes) for retail stores is 5.7%. That is, they make 5.7% profit on their sales from which they then have to pay their interest costs and taxes.

Comparatively pharmacies make an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of 6.3%.

If you think that's a price gouging level of profit, then you're living in a fool's paradise. The fact is that, if these places were making super profits as you seem to think, then other people would be looking to get into those markets. They're not because they're not.

More bad news for those who don't understand this stuff - inflation rose again this quarter so prices will continue to rise as well.

Again, we need to understand that inflation doesn't just happen. It is caused by a range of factors. At the moment its caused by the last 5 years of government profligacy which in turn was caused by the public demand for and support of failed Covid responses.

But as usual, those who caused it are looking to relocate the blame.

Government spending is a big cause of inflation; and it will get worse with the money being handed out to buy votes for the coming election.

Inflation is now 3.8% federally, 4.5% in South Australia, and 4.6% in Western Australia. Don't know about the eastern states. They ignore everything West of the Great Dividing Range; I ignore them.

The old mot ‘there is no problem that hasn't been created by the government or made worse by them’ remains true.

Government spending is a big cause of inflation;
ttbn,
I know what you mean & I totally agree but for those around here who don't want to see what's going on I'd like to say that it is incompetent Government spending & lack of bureaucrat integrity that causes inflation.
people are just as guilty though. They demand higher pay but all they achieve is costs going up higher. It's stupidity out-doing stupidity for the sake of stupidity i.e. greed.
How Govt & everyone else can just sit back & let CEO's take home millions & bureaucrats hundreds of thousands is simply stupid ! The voters get the Govt they deserve & Govt get the voters they deserve ! I think it's time to re-program this sick system !

Indyvidual

Oh, yes. Too many people now actually want big governments to provide everything for them. So, shifty politicians know that handouts, taking over people's lives and problems, is the way to get elected.

Policies mean nothing: it's about how much money and free stuff is available.

The problem is, the more governments give to people, the more control they have over those people. That's how the silly buggers end up oppressed and controlled by totalitarians - even after the money runs out.

We are looking at communism: that failed evil that not many people now remember, and the rest have never been taught about.