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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by Khaine on Saturday February 25, 2023 @01:19AM (#34934368)
You can see Woolworth's (one of our supermarket chains) 5 half-years worth of results here https://www.woolworthsgroup.com.au/au/en/investors/our-perfo...

H23 H22 H21 H20 H19

911 798 1175 1024 1003

As you can see the 'record profit' is just coming off a low base.

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Re:Analysis finds Australia’s inflation being driven by comp... by miltondts on Saturday February 25, 2023 @04:36AM (#34935279)
First, H23 is not completed. Not sure what the H23 numbers represent.

Second, looking at the profit numbers in percentage:

H19: 4.5%

H20: 5.4%

H21: 5.8%

H22: 23.9%

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