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Topic ClosedHow bad is inflation in your country?
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Equality 7-2521 View Drop Down
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Points: 15784 		Direct Link To This Post Posted: February 26 2007 at 09:18
Originally posted by IVNORD IVNORD wrote:

Just curious… we have members from a few dozen countries here, at least four continents.

 
I’m not asking if you have it or not… how bad is it?
 

In the US, we are told it’s under control. The official number is between 2%-3% annually. When you go shopping or traveling, it’s another story. In the past 6-7 years we have lodging gone up over 100%, gasoline more than doubled, and food is up at least 35%-40% on average.  

 
 
P.S. here's the poll link
 


Those are just natural fluctuations of the market. With the continuing shift to a service economy those goods and becoming more and more demanded so naturally the prices are rising dramatically, but remember inflation is taken in aggregate and you can't really make assumptions on it based on a few goods. The US's inflation is well under control; there are much more pressing economic problems for the US.
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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Points: 3089 		Direct Link To This Post Posted: February 26 2007 at 06:20
Inflation is decreasing year by year (a decade ago it was around 50-60 %, now it's bellow 5 %, I think), economic growth is over 8%; IT, lands & building, trade, outsourcing etc. are big business, so the future seems bright... for my children's children.
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Points: 12288 		Direct Link To This Post Posted: February 25 2007 at 21:55
It's interesting... we all complain that the figures for inflation are low while many products and commodities seem always to increase.
 
Well, maybe for the poorest things could be a bit better. We have here the 'primary basket', an assortment of stuff considered minimum to feed a 4-people family for a month (here in Brazil, salaries are paid monthly). In 1994, the primary basket was equal to the minimum monthly wage and now the same basket is around 30% of the minimum wage. Consequently, the poorest have a better condition now and that's one of the reasons why 20 million people left the poverty line here and so the extreme poor people decreased from 19% to 6% of the population.
 
The so-called middle-class pay the highest price, since taxes and services have grown and even so public health and education show no evidence of getting better - corruption in politics, inefficiency, old legislation, etc, being the vampires here. Fuel prices also are not giving in 'cause they are measured mainly by international prices.
 
Anyway, inflation is nowadays a less concerning matter if we compare it with other issues that we consider more important, like income distribution, enviroment protection, urban security, agrarian reform, etc.
 
Guigo

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Points: 3252 		Direct Link To This Post Posted: February 25 2007 at 21:43
In Venezuela our Central Bank say that is 14% ,but is not true because they take the variation of thousands of products and services ,but if you take the products that all the days the people use or need like food,cleaners,wax,deodorants etc the variation could be 35%  or more.
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Points: 1191 		Direct Link To This Post Posted: February 25 2007 at 20:15
Originally posted by The T The T wrote:

I would agree... I used to come here only once a year, and I didn't see any changes... but now that I live here, and under the magnificentWink presidency of W. , I've seen a lot of prices go higher...
 
But MY country inflation used to be a disaster when we had our own currency (SUCRE)... we had to lose it and adopt the US dollar and now inflation is on the low 5's, just one-figure inflation... we used to have more than 30% annualCry... we had to get rid of our own currency... that's what happens when your governments are CRAP.
 
Sucre? Is it Bolivia?
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Points: 17493 		Direct Link To This Post Posted: February 25 2007 at 20:04
I would agree... I used to come here only once a year, and I didn't see any changes... but now that I live here, and under the magnificentWink presidency of W. , I've seen a lot of prices go higher...
 
But MY country inflation used to be a disaster when we had our own currency (SUCRE)... we had to lose it and adopt the US dollar and now inflation is on the low 5's, just one-figure inflation... we used to have more than 30% annualCry... we had to get rid of our own currency... that's what happens when your governments are CRAP.
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Points: 1191 		Direct Link To This Post Posted: February 25 2007 at 19:56

Just curious… we have members from a few dozen countries here, at least four continents.

 
I’m not asking if you have it or not… how bad is it?
 

In the US, we are told it’s under control. The official number is between 2%-3% annually. When you go shopping or traveling, it’s another story. In the past 6-7 years we have lodging gone up over 100%, gasoline more than doubled, and food is up at least 35%-40% on average.  

 
 
P.S. here's the poll link
 


Edited by IVNORD - February 25 2007 at 20:13
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