I don't know how they work out the inflation figure but i think it's far worse than the official rate.

The local building supplier told me yesterday that the price of decking has almost doubled in a year. Doubled.

That means the cost of renovations/building has sky-rocketed (all building materials have shot up due to over-demand).

House prices have gone up significantly - maybe 20-30%.

Car prices have gone way up.

Petrol is way up.

These are key expenses in a normal person's life that are up, let's be conservative, by 20-30%.

We hear stories about inflation being up but the official report in Aus is 2.5%. That simply doesn't match with the real world.