Is it? I visited last December but didn't have much of a chance to get a look at the price of things. I do recall paying 70 baht for a double espresso. Thought that was rather much - especially for Rayong.
Prime Twat Yuckling claims that 'inflation' in Thailand is 'imaginary'.
Inflation? What inflation?
Published: 4/05/2012 at 09:35 AM
Thai people perceive the cost of living is rising, but in reality it is not, the prime minster said yesterday. The idea that prices are surging is a product of an overactive imagination.
When it comes to the prices of the goods they buy, Thai people have an overactive imagination, Prime Minister Yingluck Shinawatra said yesterday
The cost of living is not surging out of control and the perception that it is lies basically in people's minds and not reality, she said.
"The flood and the hot weather, when combined, could make people feel that product prices are more expensive," Ms Yingluck said. "From the information gathered by the government, we can assure you that prices are on a downward trend."
"The weather was hot in April and it was a month with high expenses such as tuition fees. When these factors are combined, it is possible to think that goods prices are higher," she said.
Many factories had just reopened following last year's great flood and they should be in full operation in the second half of this year. Prices should return to normal levels by then, she said.
She said the government will continue to implement measures to help the general public, particularly small- and medium-sized enterprises and low-income earners.
Some of the government's short term measures were to increase the minimum salary of civil servants with bachelor degrees to 15,000 baht a month and the daily minimum wage to 300 baht, she said.
Not surprisingly, the Democrat Party had a different view of the situation. Party members say they will ask the House panel on commerce to investigate possible manipulation of the inflation rate and consumer price index.
This follows the disclosure of the April inflation number which stood at 2.47% – the lowest in 29 months and down from 3.45% in March.
Democrat MP for Phitsanulok Warong Dejkitwikrom said the Commerce Ministry used figures which were below actual goods prices in calculating April inflation.
the 40 baht gas you just filled you tank with isn't real.Originally Posted by cluezo
fred
It's more expensive than it was ten years ago.
10 years ago a big bottle of Chang cost 30 baht. Now 45.
Falling rain cost 35 baht. Now 58.
Khao pad moo, khai dao cost 25 baht. Now 35-40 . . .
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Originally Posted by crew
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"She" is delusional at best. And those of the scarlet tops are pissed, especially in the N.E.
TIT
Frederick Douglass: Find out just what any people will quietly submit to
and you have found out the exact measure of injustice
and wrong which will be imposed upon them, and these
will continue till they are resisted with either
words or blows, or with both.
Aleksandr Solzhenitsyn;
“Don’t believe them, don’t fear them, don’t ask
anything of them.”
I still think Thailand is relatively good value for those that live and work here on a decent salary or income, but it has certainly got considerably more expensive over the past ten years if you like your western luxuries, etc.
I wouldn't fancy coming here for a holiday though and pocketing 50 baht for my pound.
The worst job in Thailand must be the man who has to sit down with a blue marker pen and mark a number two on the two-baht coins to stop people thinking they are one-baht coins.
Careful now, you will get some of our blinkered red shirt supporters all in a tizzy if you start criticizing the puppet (and by proxy the puppet master).
And yes, things are far more expensive. It is just dumb to blame the weather and the floods. Inflation was always going to hit after the economic crisis. It is all the the economic. When you spend your way out of a downturn, or to a bigger growth than the economy is prepared for by implementing populist policies, then yes, inflation is a consequence. I was taking a course in economics which was being taught by a government economist a couple of weeks ago, he was quite unequivocal in his analysis of the government spending and the problems it would bring. We are going to see inflation at high levels for the rest of the year he said, probably for a long time until spending can be brought in line, then the government will have another problem - bring wage demands under control. Thailand is going to get more expensive.
However, I do actually believe that Thailand is still a bargain in many respects. There is no likelihood of a major housing bubble (only a relatively small one affecting the centre of Bangkok and a few other areas), basic food stuffs are still well controlled and transport is still reasonably good value. I see problems with the world oil price, but that shouldn't impact too much on public transport - not for the whitey anyway.
Overall, yes, Thailand is still good value, but times are going to get tougher in the short to medium term, especially if Yingy can't get a handle on how the economy is supposed to work. Populist policies really are selling the family silver at the moment.
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I wouldn't bet on that. She's ignoring the red shirts now ...
today's Post:
Isan red-shirts grumble: We're being ignored | Bangkok Post: news
^yeah, but some of our, erm, how can I put this?...more 'fundamental' whitey red shirt supporters (who actually know bugger all about Thai politics or Thai history) just will not accept any criticism of Yingy, her master or anything PT. Like the scorpion and the frog, it is just in their nature - they know not why they are like that.
This inflation thing is not just her fault, it was always going to be, but she should shoulder some of the blame. She was so desperate to sure up her great unwashed vote that she promised the family silver, compounded with the flooding disaster (that was caused by some cretin in PT who was gambling with the weather - stupid, stupid, stupid) and the fall-out of the economic crisis, things were always heading south. I reckon it will be a bumpy few months.
The cost of housing seems to be creeping up but wages stagnant. On a recent visit up country, I noticed that the cost of goods at Tesco/Lotus in Loei is exactly the same as Bkk. The question is, are Thais feeling the pinch now?
Remember the WALL's ice cream special @ 7-11? 15 Baht and a coupon (get one for every 40 Baht spent) would buy 2 ice cream. A similar deal is now costing 25 Baht. Only my rent went down by 500 Baht the last 2 years. Inflation is rearing its ugly head!
Bangkok and Thailand in general is going through major urbanization. Please keep your head buried in sand if you expect no inflation. A lot of new things are going to be built in the next 5 years (this comes from my inside source - don't ask who) and will bring Bangkok on par with other Asian cities. You are laughing now, but the government is buying up the land (often at discount) to build bridges, condos and malls.
Do ya think?
They always come at night.
Stuff is gonna happen but don't ask me my sources how I know.
You may thank me for this useful post.
You mean that isn't a new 7/11 they're building across from Emporium?
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