Thread: PRICE INCREASE

Originally Posted by tetawa

Hasn't taken long for the sports retailers to start warning of price increases with the $ dropping, didn't see any price reductions when the $ was up in the 80's.

Oh the short memories we have......

I seem to remember in the late 90s through 2005 ish that the likes of Ruger 10/22s were around $699 while our dollar sat at around US 53c, our dollar climbs to nearer 80c or more in the last few years making these rifles drop to $399 new. A price that was unseen since the very early 90s when $399 was over a weeks wages. (57 hours at minimum wage of $7.00 ish at the time) Now they start to climb from $399 to $449 as our $ drops which is all of about 30 hours at minimum wage. If the dollar had not improved and all other things stayed equal that gun should cost us closer to $850.

In the early 90s a new ruger M77 was closer to $1300 then and I got a great deal on a near new second hand one at $900. Same new rifle today is a similar price at around the $1500 mark and wages have doubled. (meaning less hours worked needed to pay for it)

Mate who sold the same Ruger to me so he could buy a New Weatherby Vanguard paid $1400 for the Weatherby which even without inflation is actually more than todays price on the same rifle.

And those were WITHOUT GST as well!!!

Dearer my arse!!!