The rich are known for their willingness to pay ridiculous prices to show everyone else they are indeed very well off.

Fancy a Tiffany tennis ball can for just $1500, that Louis Vuitton skateboard - only $8,250 - or a carbon fibre toilet seat a snip at $249?

But now it seems prices are going through the roof for almost everything: meat, new cars, hire cars, building materials, labour, fruit and veg, meals out, flights and rent.

And the excuses pile up even more quickly: COVID disruption, the Ukraine war, the flood, the petrol price spike, you name it.

A doozy spotted in the paper this week - a coffee shop owner in rural Orange NSW explained higher freight costs meant an extra 50c on each cappuccino.

But what recent price rise has caused a spike in your blood pressure? And what really got your goat? Was it the size of the increase or the lack of any explanation or justification?

I was going to hire a car to get around Melbourne on business this week, but at $200 a day, including all the costs, I’ll stick with taxis and Uber.

My wife is looking for a late model second-hand car, after a hoon wrote off the last one, but realises she may as well buy a new one if she can find one in stock.

I’m grateful we got our front fence replaced before the worst of the COVID disruption to building supplies and skilled labour. It cost a bit more then but nothing like it would now.

And I pity restaurateurs struggling to gently pass on higher menu prices with far higher food and other costs and paying more for appropriate workers.

The Consumer Price Index (CPI) measures Australia’s current inflation rate at 3.5 per cent in the 12 months to the December 2021 quarter - new data is due today. But as we’ve discussed before, the index can be an underestimate, especially with mortgage rates about to climb too.

So is there a price you are not prepared to pay? I thought I’d never shell out $2.25 for a litre of petrol, but I did, and gratefully when there were fears it could go up even more.

How about $6-7 for a coffee? Would you cut down or just cut it out?

And what are the items you would pay almost anything for? A cold beer on a hot summer’s day for $10-12, $30 pizza and even a $25 cinema ticket are already out there if you are willing to pay.

The best advice is that higher prices continue to rise and are here to stay. The government, whoever they are, frankly can’t do much whatever they say, so what are you going to do?

Originally posted on .

Join the conversation

FiftyUp Club

Share your views with other members. 

Want to leave a comment? or .
Read our moderation policy here.
Frank from NSW commented:

Once companies listed on ASX the mantra is always "competition will keep prices low". Is absolute "BS" as in reality "shareholder profits" are all that matters with greed astonishing! 

Memberjennifer from VIC commented:

The humble bottle of ezy sauce. Heinz are no longer making this and a bottle of ezy sauce would normally cost you 3.50-3.90. Now on eBay it’s $41.00 per bottle 

Diane from NSW commented:

Australia is not immune to what’s happening worldwide due to the war in Ukraine i.e.the cost of everything going up however, in true Australian style, Ozzies like to blame our Government for a situation which is out of their control. We all have to suck it up, stop whinging and just thank God we’re not suffering and dying like the poor Ukrainians. Diane 

kerri from NSW commented:

the cost of pet food. a 1.4kg bag of dry cat food has gone up $2.50. plus everything else to do with pets. I am struggling as I have 3 cats and I am on the aged pension. Also I believe aged pensioners and others were to get a $10 a week increase. Not complaining but that will buy me a cucumber and a lettuce. 

Someone from SA commented:

Business owners and farmers are well known for crying poverty every time they want to make even more profit from the general public. The government, especially the liberal government look after these profiteers way too much and at the expense of the general public. This deceitful practice is widening the gap between the rich and the poor and we are well on the way to becoming a nation of beggers and homeless people. It's scary ! 

Frank from NSW commented:

Yep...the greed is astonishing 

george from NSW commented:

We have all lost the plot .We have all got to get back to basics . -WASTE NOT WANT NOT- and stop sending everything to landfill. 

Robert from NSW commented:

Methinks the retailers are price gouging. The increases seen are much more than can be explained by supply chain issues, labor shortages and the price of fuel. 

Colin from QLD commented:

The biggest price hike I can think of is the cost of the massive increase of lies , waffling on , porky pies and BU!! SH!T !!! we are subject too from all the political streams via most public media . Col D 

Someone from QLD commented:

No explanation given but my cat food has risen between 80 and 100% just for shop brands at Wollies & Aldi (1.30 & $1.50 respecitvely) whilse the more expensive Whiskas brand has risen the same % up to $2 per tin from $1.25. I'm going to have to start charging my cats rent:) One of my regular coffee shops charges $5.80 for a cuppa flat white - never bought one there since. 

Frank from NSW commented:

Aldi 700g canned Dog food went from $1.19 to $1.45 then $1.79 all in a few weeks. Always trusted Aldi...not so sure now ! 

Frank from NSW replied to Frank:

Now petrol price almost back where it was so cant trust petrol companies either.....greed is astonishing 

Comment Guidelines