Mike's Minute: The power of statistics

Given Westpac played what I would loosely call a dumb game this week with numbers, let me return serve.

Their numbers involved a bunch of what they call "necessities" and their prices over the past ten years.

White bread is up 120% and butter up 157%. Chicken though is only up 2%. So, if you ate a lot of chicken, not only would you be protein rich, you would have saved a fortune.

The CPI is up in that period 38%.