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        <title>Margy Osmond | Author bios | The Punch</title>
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        <description>Margy Osmond is the Chief Executive of the Australian National Retailers Association, She was CEO of the State and Sydney Chambers of Commerce in NSW for five years and founder of the Sydney 2000 Olympic Commerce Centre and the Sydney First projects. In that role she sat on the Olympic Business Roundtable, the Rugby World Cup Business Roundtable, the G’Day LA Business Roundtable and the Forbes Conference Bidding Group.</description>
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        <pubDate>Sat, 26 May 2012 20:00:49 +0000</pubDate>
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            <title>The real facts about food prices spoil a good yarn</title>
            <link>http://www.thepunch.com.au/articles/the-real-facts-about-food-prices-spoil-a-good-yarn/</link>
            <description>It&#8217;s easy to lay the blame of rising food prices at the feet of the large retailers and it also makes for a sexy, albeit misguided, headline. The easy target is often the large target, but if you strip the emotion out of this debate and look at the facts, its clear there isn&#8217;t much of a story in it at all.



It is true food costs more than it did 10 years ago. Like other products and services including education, healthcare, the cost of living increases over time, but so do wages. Australian private sector earnings have risen by nearly 51 per cent since 2000. 

Australia&#8217;s real growth in wages is the second highest of 10 developed nations. But you won&#8217;t see critics talk about this when they talk about food prices. It ruins the hot headline.</description>
            <author>feedback@thepunch.com.au (Margy Osmond)</author>
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            <comments>http://www.thepunch.com.au/articles/the-real-facts-about-food-prices-spoil-a-good-yarn/#comments</comments>
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            <pubDate>Thu, 12 Nov 2009 19:40:17 +0000</pubDate>
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