The truth about CPI and the proposal
"To say that Airservices Australia’s proposal is less than the CPI increase is simply untrue. The current CPI is 2.9% " (Bernie Smith)
Correct, the current CPI is 2.9%. But BZZZZZZ - let's do some simple (repeat: simple) arithmetic with the current proposal, assuming 3% (*)
<edited calculations in subsequent post>
* further examination of ABS figures provides the following insight:
6401.0 Consumer Price Index (all groups)
MarQ01-MarQ02 2.9%
avg past three years 3.6%
lowest in last 3 years 1.1%, year to JunQ99
highest in last 3 years 6.1%, year to SepQ00
ie, 3% is on the conservative side
Also of interest is how the proposal compares to average salary increases
6302.0 Average Weekly Earnings
Private sector full-time adult total earnings (Feb01-Feb02) 6.4%
Public sector full-time adult total earnings (Feb01-Feb02) 4.3%
Last edited by 375ml; 13th June 2002 at 12:28.