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Inflation is running high in central Europe as well, currently at 8% with fuel and energy prices accounting for it the most. Used to pay AUD 3.28 per litre super 95 on average in May before a 3-month subsidy by the government began to take effect while you were paying AUD 1.35 per litre.
Food prices have been on the increase as well.
 
looker-on said:
Inflation is running high in central Europe as well, currently at 8% with fuel and energy prices accounting for it the most. Used to pay AUD 3.28 per litre super 95 on average in May before a 3-month subsidy by the government began to take effect while you were paying AUD 1.35 per litre.
Food prices have been on the increase as well.
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Geez, that is insane. I did read that Australia had some of the lowest petrol prices in the world. Europe is certainly very expensive in terms of the cost of fuel.
 
Jessica said:
Very expensive here in the UK too. I used to buy a tinned family pie for £1.20, now they cost £1.80. everything has gone up.
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Blame the war on the Ukraine.

You remind me of someone on another forum i post on.

one that knows her way around xenforo software but struggles with vbulletin software.

It's ok because you will find us aussies helpful.
 
Ljp86 said:
Geez, that is insane. I did read that Australia had some of the lowest petrol prices in the world. Europe is certainly very expensive in terms of the cost of fuel.
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To be precise, my figures are the ones for Germany. There are differences in price in other central European countries due to various factors like government policy, economic and purchasing power, supply chain, currency, EU membership, etc.
 
looker-on said:
To be precise, my figures are the ones for Germany. There are differences in price in other central European countries due to various factors like government policy, economic and purchasing power, supply chain, currency, EU membership, etc.
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Local apco servo here 191 cents a litre
 
looker-on said:
That's the figure we are paying in EUROs at the moment but an increase for you compared to the AUD 1.35 you were paying in May. Not sure, though, if this figure applied nationwide on average.
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Blame the war on Ukraine mate. Russia deliberately doing this. It's just wrong
 
looker-on said:
To be precise, my figures are the ones for Germany. There are differences in price in other central European countries due to various factors like government policy, economic and purchasing power, supply chain, currency, EU membership, etc.
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It is still very expensive regardless of which country it is in. Certainly a lot of money to pay to fill up a car, particularly for a litre of petrol, let alone putting in enough to fill up an entire tank.

looker-on said:
That's the figure we are paying in EUROs at the moment but an increase for you compared to the AUD 1.35 you were paying in May. Not sure, though, if this figure applied nationwide on average.
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We haven't been paying A$1.35 per litre for petrol for some time now. It was close to $2.00 per litre for unleaded (on the cheaper days of the cycle) and then the previous government halved the fuel excise to ease the financial burden. Since then, the price has gone back up anyway due to market factors and the price is around where it was just was before the temporary fuel excise reduction.
 
Thomas, Jess are your interest rates rising? The added cost of battling this pandemic has killed low inflation and low interest rates, increasing our cost of living. Yet our dumb pollies keep on splashing out on spending our hard earned taxes like confetti thrown at an Italian wedding..
 
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Ritchie said:
Thomas, Jess are your interest rates rising? The added cost of battling this pandemic has killed low inflation and low interest rates, increasing our cost of living. Yet our dumb pollies keep on splashing out on spending our hard earned taxes like confetti thrown at an Italian wedding..
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Not yet in Germany and the Euro Zone but Ms Lagarde from the ECB has just announced that the ECB is finally going to raise the base rate in July by probably 0.25% for the first time in ten years which will end the negative interest currently paid by savers and pave the way for interest on savings in the medium term. So no immediate effect for savers but mortgage rates will rise soon.
 
. Western nations are continuing to pay Russia hundreds of millions of dollars every day for gas and oil imports. Plus they are getting revenue from China and India from cut price energy sales.

This is worrying. So much for being told that severe sanctions on Russia would badly hurt its economy. Also read that hundreds of Big Mac stores in Russia are now being turned into a Russian fast food chain. When the stores were first opened thousands poured in to satisfy their fast food cravings. So why did Macs sell them the stores before pulling out. Kinda defeats the purpose of bringing heartache to the Russian people and creating in them a mood for revolution.
 
Dont you just love the pollies, like hell. The new pinko govt here has announced a rise in the minimum wage of a whole $1 a week.. wow!! While at the same time giving themselves a rise.. not a dollar.. more like several thousand bucks. And we are facing having to pay off $multi billions of debt. Unbelievable!
 
Ritchie said:
Dont you just love the pollies, like hell. The new pinko govt here has announced a rise in the minimum wage of a whole $1 a week.. wow!!
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The increase was 5.2% which is the highest such rise for a number of years and is slightly above the national inflation average at the moment. Business sectors and the previous conservative government were calling for a much lower increase so this latest escalation will at least see workers keep up with the rising cost of living in the short term.

Ritchie said:
While at the same time giving themselves a rise.. not a dollar.. more like several thousand bucks. And we are facing having to pay off $multi billions of debt. Unbelievable!
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Can't really comment on the pay increase for politicians. A lot of the debt was racked up by the previous conservative government too, some of it was stimulus for the early part of the COVID-19 pandemic but there are other elements to it as well.
 
If it was able to attract better people to politics than a lot of the peanuts we have there now I'd be happy to pay pollies more. The private sector is far, far more financially rewarding for gifted people and leaders with any brains.
 
Ljp86 said:
Perhaps. I see the price fell more than 10% today, has dropped 19.75% in the past five days and has fallen close to 50% in the past six months.
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It's quite scary how many young to even middle aged people you see with all their savings in it, just insane.

Whilst I think it will go down as history's greatest scam if anyone can make money trading it I don't have anything against that. But for the love of god at least keep it to only a small % of your capital, an amount you can afford to lose just like anything highly speculative.
 
I'll switch to Kayo one day as sport is all I watch on Foxtel these days.

Looks like a good start so far.

With this mob though they can collapse at short notice..
 
Kram81 said:
If it was able to attract better people to politics than a lot of the peanuts we have there now I'd be happy to pay pollies more. The private sector is far, far more financially rewarding for gifted people and leaders with any brains.
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I agree, Kram81 Kram81 . I've always thought the same thing. While the salary is quite decent, it does involve a lot of travel and a lot of work. There are people who are paid far more in this country for other lines of work. Being a senior member of a government or even leading a country is of high importance given the decisions they need to make on a regular basis.

Given the state of things at the moment, it'd be hard to justify any sort of substantial increase to any politician's salary with how things are presently economy wise.

Kram81 said:
It's quite scary how many young to even middle aged people you see with all their savings in it, just insane.

Whilst I think it will go down as history's greatest scam if anyone can make money trading it I don't have anything against that. But for the love of god at least keep it to only a small % of your capital, an amount you can afford to lose just like anything highly speculative.
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A lot of people are right into it, certainly dangerous to have so much capital invested in it given its volatility. The losses have been huge over the past few months and many would have lost a lot of money, particularly those who have heavily invested in it as you mentioned.

No issues with people wanting to make money but to invest so much into something is always very risky. Another just over 10% drop in past two weeks and a bit, lost almost 58% of its value this calendar year thus far.
 
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