What's with the inflation?

Raybull · Post by **Raybull** » Mon Nov 28, 2016 2:47 pm

Over the last few weeks, three restaurants and 2 coffee shops that I frequent have raised their prices quite substantially. I Also noticed that a few import items I buy have increased. The USD has been on a tear for a couple years now, and has increased substantially relative to nearly every currency over that time. The cost for most goods have dropped from about 10-30% (Baht at the low end, Aussie dollar at the high end) in US dollars during that period. So whats driving inflation here? Is it a case of high inflation of those goods in their originating country, the more proper application of import tariffs last year, local wage increases?

Barang_doa_slae · Post by **Barang_doa_slae** » Mon Nov 28, 2016 2:58 pm

Greed ?

Kuroneko · Post by **Kuroneko** » Mon Nov 28, 2016 3:10 pm

Probably because it's the start of the tourist season.

Raybull · Post by **Raybull** » Mon Nov 28, 2016 3:13 pm

Barang_doa_slae wrote:Greed ?

I thought that was somewhat of a given when any business rises prices by more than 10% without any justifiable cause.

Raybull · Post by **Raybull** » Mon Nov 28, 2016 3:20 pm

Kuroneko wrote:Probably because it's the start of the tourist season.

Unlikely, the majority of the clientele are local and expats I would say.

SinnSisamouth · Post by **SinnSisamouth** » Mon Nov 28, 2016 3:36 pm

brexit and/or weak pound

Raybull · Post by **Raybull** » Mon Nov 28, 2016 4:12 pm

SinnSisamouth wrote:brexit and/or weak pound

Not quite sure I follow. So British goods are now cheaper...

Post by **Jamie_Lambo** » Tue Nov 29, 2016 12:05 am

Raybull wrote:
SinnSisamouth wrote:brexit and/or weak pound
Not quite sure I follow. So British goods are now cheaper...

??
nope its the opposite, prices are going to be going up

Supermarket prices 'will rise at least 5 per cent next year as a result of Brexit'
Justin King, former CEO of Sainsbury's, said the decline in the value of the pound will make it difficult for retailers to calm price hikes

http://www.independent.co.uk/news/busin ... 33311.html

Birds Eye and Walkers ask supermarkets for up to 12% price rises
Brands join Typhoo and Unilever in battle over prices caused by 18% drop in value of pound against dollar since Brexit vote

https://www.theguardian.com/business/20 ... vote-pound

etc..etc..etc

Raybull · Post by **Raybull** » Tue Nov 29, 2016 1:03 am

Jamie_Lambo wrote:
Raybull wrote:
SinnSisamouth wrote:brexit and/or weak pound
Not quite sure I follow. So British goods are now cheaper...
??
nope its the opposite, prices are going to be going up

Supermarket prices 'will rise at least 5 per cent next year as a result of Brexit'
Justin King, former CEO of Sainsbury's, said the decline in the value of the pound will make it difficult for retailers to calm price hikes
http://www.independent.co.uk/news/busin ... 33311.html

Birds Eye and Walkers ask supermarkets for up to 12% price rises
Brands join Typhoo and Unilever in battle over prices caused by 18% drop in value of pound against dollar since Brexit vote
https://www.theguardian.com/business/20 ... vote-pound

etc..etc..etc

...now cheaper, as in cheaper in USD, the de facto KH currency! Sure local prices for some imported goods will rise in England, same as they did in Aust. and Canada (and other countries) over the last 2 years to even greater degree as their currencies devalued heavily relative to most other major currencies. But try to grasp my point...non imported British/Aus/German goods generally don't go up in price in their own countries due to this, yet if they're bought in USD, they're cheaper, and the only money in my wallet in Cambodia is US dollars.

Hotdigr · Post by **Hotdigr** » Tue Nov 29, 2016 1:13 am

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?.........

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