No, but you advanced the hypothetical 6% fantasy, my example of "flat" was a counterpoint.
I do indeed pay an average of 7% higher school fees every year. My point is that private education does not appear with sufficient weight in the statistics, and hence the CPI is skewed too low.
Speaking of the basket...how much do energy costs affect the basket? They really only show up as a fraction of the transportation element, yet electricity, and soon gas, are soaring in price.
For the spectators, the following items comprise the basket, but not all have equal weight, nor are any of them sampled or assessed in a manner which would always reflect your actual expenditures.
Food and non-alcoholic beverages
Alcohol and tobacco
Clothing and footwear
Housing
Furnishings, household equipment and services
Health
Transport
Communication
Recreation and culture
Education
Insurance and financial services.
Qantas angels are surging into as many internet sites as they can the past few weeks...Little Alan feeling insecure?