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this post was submitted on 22 Nov 2023
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Current RBA structure is proving inadequate at identifying profiteering by certain business sectors, where a small choice of service providers (duopolies or in some cases, even monopolies) offer consumers in Australia little choice but to continue to accept higher prices/fees. There are some extremely poor conclusions drawn if the article is accurately summarising the position of the RBA.
Exactly my issue with the current inflation. Every time I walk into a supermarket, I notice the price on something I eat or use go up.
I still have to feed myself, and I can't see myself "reducing" spending any further in this regard.