What's with the inflation?
Re: What's with the inflation?
I think you're missing the point...this has nothing to do with high season prices in tourist places or cheap airline prices compared to when jet fuel was more then twice what it is now, in an industry that has seen declining prices for over ten years, bringing about the sardine 10 seats across now common in economy. It's simply a matter of buying imported goods and food in Cambodia that are increasing in price in US dollars while the USD has been in a steep uptrend. While imported stuff is now cheaper in the US, this country that uses the same strengthening currency has seen an upward trend in prices.Hotdigr wrote:Seriously mate, what inflation? After 5 years now, NOTHING has gone up in price.
Still can get 50 cent beers here, still can get fukn GOOD food, every day at $4.
High season EVERYWHERE in a tourist town always has a premium price. I just booked a return ticket to fukn Oz, fly out on Friday(02/12), come back on the next Sunday( 13/12) . It is $80 LESS than the last time I did it 4 years ago.
Inflation?.........
Sure, draft beer hasn't gone up since forever in foreign locales (but who gives a shite about local draft beer?, good import wine and booze has gone up), for local beer the production costs are now sunk in already at the factory, and the margin at cheap restaurants has been made up elsewhere, namely food prices. But this doesn't account for it.
Say you bought lamb shanks for 10NZ$/kg four years ago, but the NZ dollar has been devalued by 35% since, and they're now 8.5NZ$/kg , how much more expensive are they now in the KOW compared to four years ago??
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- The Dark Horse
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Re: What's with the inflation?
Could it be the result of a catch back trend on margins ?
The tightening of import custom duties and activity taxes together with greater volume might have helped to professionalize businesses from the like of thai huot or Samuderas as well as less mass consumers oriented local importers.
Giving them the accountancy tools they needed to rise their margins hence helping them with the cash flow they need to expand, build multiple or bigger shops etc.. ?
I am under the impression that until now the local families managed businesses were happy with lower margins than their more mature western counterparts.
It is of course pure speculation but for exemple I don't hear about samudera selling any of their best investment properties to finance the huge new building at the back.
The tightening of import custom duties and activity taxes together with greater volume might have helped to professionalize businesses from the like of thai huot or Samuderas as well as less mass consumers oriented local importers.
Giving them the accountancy tools they needed to rise their margins hence helping them with the cash flow they need to expand, build multiple or bigger shops etc.. ?
I am under the impression that until now the local families managed businesses were happy with lower margins than their more mature western counterparts.
It is of course pure speculation but for exemple I don't hear about samudera selling any of their best investment properties to finance the huge new building at the back.
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- Expatriate
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Re: What's with the inflation?
Draw up a list of what is more expensive:
consumer goods of many (even most) kinds
land and house prices & rents
Many salaries have seen no increase at all for several years (PUC being one conspicuous example)
consumer goods of many (even most) kinds
land and house prices & rents
Many salaries have seen no increase at all for several years (PUC being one conspicuous example)
Re: What's with the inflation?
Some good points BDS. The push for businesses to pay proper taxes is also inflationary.Barang_doa_slae wrote:Could it be the result of a catch back trend on margins ?
The tightening of import custom duties and activity taxes together with greater volume might have helped to professionalize businesses from the like of thai huot or Samuderas as well as less mass consumers oriented local importers.
Giving them the accountancy tools they needed to rise their margins hence helping them with the cash flow they need to expand, build multiple or bigger shops etc.. ?
I am under the impression that until now the local families managed businesses were happy with lower margins than their more mature western counterparts.
It is of course pure speculation but for exemple I don't hear about samudera selling any of their best investment properties to finance the huge new building at the back.
Re: What's with the inflation?
Teachers salaries have been in decline forever, a trend set to continue as more foreigners travel abroad and don't mind working for peanuts.boozyoldman wrote:Draw up a list of what is more expensive:
consumer goods of many (even most) kinds
land and house prices & rents
Many salaries have seen no increase at all for several years (PUC being one conspicuous example)
Re: What's with the inflation?
oh no there is no inflationHotdigr wrote:Seriously mate, what inflation? After 5 years now, NOTHING has gone up in price.
Still can get 50 cent beers here, still can get fukn GOOD food, every day at $4.
High season EVERYWHERE in a tourist town always has a premium price. I just booked a return ticket to fukn Oz, fly out on Friday(02/12), come back on the next Sunday( 13/12) . It is $80 LESS than the last time I did it 4 years ago.
Inflation?.........
things just get smaller
http://www.independent.co.uk/news/uk/ho ... 04011.html
Re: What's with the inflation?
Please someone chime in with how much the women, ice, ganja or pineapples cost in 12/2011.
Or did portions just get smaller?
Or did portions just get smaller?
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- Sir Duncan
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Re: What's with the inflation?
Luigi wrote:Please someone chime in with how much the women, ice, ganja or pineapples cost in 12/2011.
Or did portions just get smaller?
It's just as well you didn't ask about the price of tomatoes. I have always been able to buy tomatoes for around 3,000 r a kg, and for the last month or so the price has gone up to 6,000 r and even 7,000 r at the old market. It's definitely not a seasonal thing.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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- Expatriate
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Re: What's with the inflation?
Here you go: I paid 3500r for a pineapple today - skinned and ready to eat. Did I get ripped off ?Luigi wrote:Please someone chime in with how much the women, ice, ganja or pineapples cost in 12/2011.
Or did portions just get smaller?
(Won't comment on the rest, but the bags do seem to be getting smaller. )
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Re: What's with the inflation?
3500 riel for a pineapple!!
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