The PM & treasurer reckon that oil and banana price increases are behind Australia’s climbing inflation. That’s just bananas.

Austalians normally spend $14 million a week on bananas. Post cyclone Larry we’re spending $7 million per week. Whilst that is an impressively large number of the bendy yellow fruit – here’s a few other items on our weekly shopping list:

  • Housing – $1.2 billion.
  • Cars – $2.8 billion.
  • Alcohol – $180 million.
  • Cigarettes – $88 million.

Gee bananas don’t really rate do they? Adds new meaning to the term “Banana Republic.”

Based on 2003-04 ABS and 2006 NRMA figures and with thanks to crikey.com.