Stupid World

[husaberg]

( on a pint of Milk ) from 1976 to now, your money has lost 90 of its purchasing power !!!

yeeehaaaa

So I’m thinking , if inflation cannot be kept within such a narrow band of 2 to 3 % ( you will hear the RBNZ start to make noises to increase that narrow band or move to a different method of controlling inflation ) ,
Once the horse has bolted , and we get a steep rise in inflation, at what pain threshold will Joe Plumber go ouch too hot and jump !

Stephen

The issue with milk is it indexed to the price of export milk products, But only when the export price rises of course.
The farmers aren't making the margins from it either, theirs have diminished greatly..............

[puddytat]

They have their spin doctors working on it.....
http://thedailyblog.co.nz/2014/02/11...hosking-henry/

[Brian d marge]

The issue with milk is it indexed to the price of export milk products, But only when the export price rises of course.
The farmers aren't making the margins from it either, theirs have diminished greatly..............

Which is even worse , countdown selling 600ml of milk for $ 2.10 when using the CPI from 1976 to now. Milk should be 1.35 ( off top of head )

Stephen

but dont worry Chucks got me back

[BoristheBiter]

you guys need to get out more

[Oscar]

I think you'll find milk was Govt subsidised until the 1980's.
Any comparison with prices prior to that is silly.

[Brian d marge]

I think you'll find milk was Govt subsidised until the 1980's.
Any comparison with prices prior to that is silly.

The fixing of prices was lifted in 1976, followed by the removal of the government subsidy in 1985. Full deregulation of the domestic milk industry occurred in 1993.



Stephen

[husaberg]

The fixing of prices was lifted in 1976, followed by the removal of the government subsidy in 1985. Full deregulation of the domestic milk industry occurred in 1993.



Stephen

Yeah i googled it as well lol
The GST didn't help but i stand by what i said originally in real terms the farmgate price for the farmer has diminished markedly.
Someones making a killing and it an't the farmers. It would be interesting to work out what the Fontera milk they must supply to independents year around goes for per litre...........
I have the farmgate prices from the 50's adjusted for 1993 figures somewhere.........these are generally unsubsidised as the subsidies were on land development and fert etc from memory for export stuff

[Oscar]

The fixing of prices was lifted in 1976, followed by the removal of the government subsidy in 1985. Full deregulation of the domestic milk industry occurred in 1993.



Stephen

Er - that's what I said - Govt. subsidies finished in the eighties.
That makes price comparisons against CPI problematic prior to 1985.

[Brian d marge]

Er - that's what I said - Govt. subsidies finished in the eighties.
That makes price comparisons against CPI problematic prior to 1985.

that is true , that is what you said alright

but the prices started to change from 1976 ,so makes it quite a good place to start from but then you would know that from a quick google

Stephen

[husaberg]

you guys need to get out more

Get yourself one of these......

[Oscar]

that is true , that is what you said alright

but the prices started to change from 1976 ,so makes it quite a good place to start from but then you would know that from a quick google

Stephen

I was a milkman in 1976.
Notwithstanding that, unless the Govt reintroduces the subsidy, your figures are bogus.

[Brian d marge]

I was a milkman in 1976.
Notwithstanding that, unless the Govt reintroduces the subsidy, your figures are bogus.

Well the came from the RBNZ , so I think either they are full of it , or you are.

http://www.rbnz.govt.nz/monetary_pol...on_calculator/


and ya know which of the above two options I’m tending towards

oh and I know ya aint firing on all cylinders so here is the history of milk prices

http://www.stats.govt.nz/browse_for_...n-the-cpi.aspx

and a 600ml pint of milk in countdown today costs

http://shop.countdown.co.nz/Shop/Sea...0ml+milk#url=/


Which according to the calculator is a 87 % drop in purchasing power WHICH was the original point

using the later figure of 35 cents in 1985 gives us a 57 % drop in purchasing power

Which again kinda says that inflation eats away at the purchasing power of the dollar ,

Do excuse me if I seem to ignore your posts , Im busy of late and stopping to explain simple points is time consuming , ONCE of twice is ok , but I tire easily


Stephen

[avgas]

Consider yourselves lucky. I have to ask for "Grass fed" milk at the supermarket. Since when did we run out of grass to feed cows?

[Oscar]

Well the came from the RBNZ , so I think either they are full of it , or you are.

http://www.rbnz.govt.nz/monetary_pol...on_calculator/


and ya know which of the above two options I’m tending towards

oh and I know ya aint firing on all cylinders so here is the history of milk prices

http://www.stats.govt.nz/browse_for_...n-the-cpi.aspx

and a 600ml pint of milk in countdown today costs

http://shop.countdown.co.nz/Shop/Sea...0ml+milk#url=/


Which according to the calculator is a 87 % drop in purchasing power WHICH was the original point

using the later figure of 35 cents in 1985 gives us a 57 % drop in purchasing power

Which again kinda says that inflation eats away at the purchasing power of the dollar ,

Do excuse me if I seem to ignore your posts , Im busy of late and stopping to explain simple points is time consuming , ONCE of twice is ok , but I tire easily


Stephen

Wow, your post was long and informative - you must have broken your bong.

Still, based on the fact that you are using a commodity that had a period of price fixing and Govt. subsidies to measure purchasing pwer:

( on a pint of Milk ) from 1976 to now, your money has lost 90 of its purchasing power !!!

You are still an idiot.

[Brian d marge]

which Were removed from 1976 and completely from 1985
As I said
Lets face it Tweedle Dee You have just been pwned the internet
if we use your idea slash standard of an idiot
I fall short by a country mile of the standards you have set
No wonder the country went to rack and ruin, with people such as your good self behind the Vote when it was needed

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