Originally posted by Casa Espresso
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The graph above is the currency over (AUD/EURO) which has slumped around 6.4% in the last 9 months, meaning goods from Europe where most machines are built cost 6.4% more on currency alone.
Shipping rates over the same time have also increased.
The above graph is what's known as the Dry Balatic Index, which is a proxy for how shipping rates internationally are changing. In the same 9 months it has increased by 61.6%. It does not necessarily mean rates have gone up 61.6%, but it does indicate freight now costs more to ship goods from Europe to Australia.
So all in all a 5% increase in prices seems to me like the importers are absorbing some of the cost. Seems fair to me. But does suck when you could have bought your machine 12 months ago and saved the 5%. But hey, that's capitalism and the free market system

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