TD Securities and the Melbourne Institute have created an inflation gauge to chart the rise and rise of the cost of living for Aussies on a monthly basis.
At over $600 a subscription it way beyond my wallet but I'm sure it will be useful to somebody.
What is interesting is that this gauge appears to heavily rely on the Internet to gather information for many of the 1,000 price lines it charts.
Given the laxity some companies display towards regularly updating their websites, this might really throw a spanner in the works.
Forbes reports that according to the gauge the year-end inflation rate has been running at over 4% for the last three months.
Tuesday, 6 May 2008
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