Been some political/media brouhaha in the last couple of days, the headline being that power bills have increased by "almost 80% since 1990" e.g. see
However, if I use the Reserve Bank's inflation calculator, I see that $1 in Q1 1990 has inflated to $1.77 today. So electricity prices have inflated at almost exactly the CPI rate... doesn't quite make the same impact on a headline.
Also, wages inflated to $2.25 over the same period so power is now effectively cheaper than in 1990.
So much for thoughtful analysis in the media.
That was my thought when I heard on the radio, but I read an article that stated the 80% figure was in excess of inflation
I would have thought that, as I recall a couple of large increases years ago, in the 10% vicinity