Interesting times for eAustralian economy...
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by Aussie Vegeta
What has happened to the eAustralian economy in the last week!!!
Anyone wondering why the price of products sold here have gone up.
The price of goods has risen by an average of 22.34% in 1 week!!!
The worst items hit are:
Iron up 75.27%
Guns up 56.29%
Diamonds up 28.21%
Gifts up 19.43%
Food up 16.55%
The only product to see a fall in cost was housing on average costing 3.16% less than last week.
In turn to cope with the rise in prices, the working class has pushed for higher payrates to be able to afford to live, with some jobs on offer even spiking over 35AUD!!!
The Ministry of Industry will be carefully watching as this situation progresses, as a key concern will be foreign sellers that could take advantage of this situation, due to the fact that labour costs if cheaper in their country makes their products cheaper to produce, and so they can export them to our shores. This will in turn make business less viable here, and smaller companies may have to shut down which in turn means less jobs in eAustralia.
We will be working closely with the senate to make sure that our import taxes are suffice to protect our economy, and make sure that we remain a growing vibrant nation!
Cheers all,
AV
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Comments
Awesome analysis AV, keep up the good work.
This is probably because of some kind of increase in demand. In Iron, Diamonds, Guns, Gifts, and high quality Food, prices will probably remain high unless supply increases, or until the wargames are called off.
Good analysis. Future Minister of Industry?
Fascinating article there, AV.
Think about Supply vs Demand. Demand is strong, which is great. You've got a supply problem by the sounds of it. Your solution is to improve productivity. I'm not sure if the game has the scope for that.
Good suggestion, Haugenmatt. A large increase in population coupled with a decrease in company efficiency means an unmet demand for goods.
gift prices are at a historic low, they were around 3 dollars recently now there are gifts available for 2.3
Are you calculating this based on advertised prices or stuff that has sold over a period of time? I know the Iron increase is dead wrong as two companies that always have products are out of business and have not moved their goods in 2 months.
nice stats AV 😃
hmm yes.. i think 18% inflation rate in Australia while compared to Indonesia which only 7% is not good afterall. Maybe you could cope with a new tax plan (imho) 😉
I think someone earlier on mentioning about inflation in our war games. Everything has spiked up very high especially guns and bread. I do hope new players can afford the new price of Q1 bread.
@haugen he is deputy 😛
yeah he's a rockin' deputy!!!
war generally promotes a spark in the economy and keeps it moving as many materials are being used / needed by other companies. its how the great depression ended
Must be the real Australian economy rubbing on the e-Australian economy xD xD Economic recession anyone?
Raising import taxes is a bad idea. It will only raise prices further and ultimately decrease tax revenue as foreign businesses either stop selling to Oz or go to the black market.
Low taxes are the answer. As always.
And don't lower them too much, else we will not be supporting homegrown businesses.
Well on the days there are wargames, we only need Q1 food, so I can undersatnd why that's gone through the roof, but Q2 and 3 are just crazy too.
This inflation will just weaken the AUD so in world terms we're just spinning our wheels.
Nice work but. Voted