In the second quarter of 2010 our KCDC rates impost was $513. In the second quarter of this year it was about $750 including the water charges.
That’s an increase in that six years of 46%.
How much was general inflation in the same six years? According to the Reserve Bank’s inflation calculator, the general Consumer Price Index increase was only 10%.
The inflation rate from the second quarter of last year to the second quarter of this year was 0.4% according to the Reserve Bank — and the KCDC rates increase overall was 4.58%.
What do you think of that, dear reader? Exactly.