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Speaker 1: It's right for day three. Let's deal with the economy.

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Speaker 1: Two things happened to me yesterday. The food price inflation.

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Speaker 1: Will that happen to us all? Of course? The food

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Speaker 1: price inflation, it is not contained now, Why it's increasing

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Speaker 1: beyond broad inflation is a many invaried thing. And the

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Speaker 1: upside of these numbers is we can control them to

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Speaker 1: a degree. Think about it. You don't have to buy

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Speaker 1: chocolate given cocos through the roof. You don't have to

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Speaker 1: buy butter or a lot of dairy are veggies I

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Speaker 1: noted up this is seasonal seasonal fruit and veggies, though

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Speaker 1: generally are reasonably priced. Water, though, which was the second thing,

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Speaker 1: is not a luxury. Our bill arrived yesterday, yet again

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Speaker 1: the price is going up, this time over seven percent.

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Speaker 1: It's like the rates, it's like electricity. They're all going up,

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Speaker 1: and they're all going up beyond the band of inflation. Now,

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Speaker 1: the trouble with this is several fault. Firstly, it is

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Speaker 1: in and of itself inflationary, and it isn't productive. In

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Speaker 1: other words, we are no better off. I still use

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Speaker 1: the same water, it just cost more. Normally or ideally,

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Speaker 1: what you want is more stuff done to produce the

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Speaker 1: income to afford the bill. So the cost of living

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Speaker 1: is going up three percent and your income is going

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Speaker 1: up five percent. Where okay, head of the curve, This

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Speaker 1: sadly is not happening. So we have most likely no

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Speaker 1: growth driving the economy at the moment, and yet we

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Speaker 1: have increasing costs to operate that non productive economy that

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Speaker 1: my friends, is called stagflation. So can we control Israel

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Speaker 1: attacking Iran and the oil price spiking? No? Can we

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Speaker 1: control the cost of shipping through troubled Middle Eastern waters? No?

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Speaker 1: But can we control to some degree this incessant cost

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Speaker 1: plus accounting that's going on domestically by people who got

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Speaker 1: the taste of price increases during COVID and basically never stopped. Well,

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Speaker 1: you would hope so, because this is a government thing,

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Speaker 1: a central government thing, especially given a lot of these businesses,

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Speaker 1: whether the power companies or water agencies or councils, have

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Speaker 1: a major central government input. If the banks were right

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Speaker 1: yesterday upon the release of the services sected numbers when

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Speaker 1: they said this was an economy in recession, again, price

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Speaker 1: rises in food and water aren't helping what is becoming

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Speaker 1: an alarmingly large hole for more from the Mic Asking Breakfast.

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Speaker 1: Listen live to newstalks that'd be from six weekdays, or

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