16% Inflation
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wrote on 1 Jul 2022, 11:48 last edited by Doctor Phibes 7 Jan 2022, 11:48
@Jolly said in 16% Inflation:
Are these wrong?
I have no idea. Obviously, governments have a habit of re-defining things that make them look bad. Newspapers have a habit of reporting things in a way that make governments they don't like look bad and/or selling newpapers.
I do know that neither the government nor the DM are particularly trustworthy sources.
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wrote on 1 Jul 2022, 11:50 last edited by
IOW, they're right.
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wrote on 1 Jul 2022, 11:53 last edited by
@Jolly said in 16% Inflation:
Are these wrong?
Yes. We talked about the “shadow stats” folks in 2008
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@Jolly said in 16% Inflation:
Are these wrong?
Yes. We talked about the “shadow stats” folks in 2008
wrote on 1 Jul 2022, 11:55 last edited by@jon-nyc said in 16% Inflation:
@Jolly said in 16% Inflation:
Are these wrong?
Yes. We talked about the “shadow stats” folks in 2008
Yes, of course we all remember that discussion from just 14 years ago.
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wrote on 1 Jul 2022, 11:58 last edited by
They make up their own index. If you do that you can make inflation whatever you want it to be.
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wrote on 1 Jul 2022, 12:06 last edited by Doctor Phibes 7 Jan 2022, 12:07
@Jolly said in 16% Inflation:
IOW, they're right.
Like I said, I honestly have no idea.
They could easily be massaging the massaged statistics.
In the words of Mr. Simon, a man believes what he wants to believe, and disregards the rest.
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wrote on 1 Jul 2022, 12:32 last edited by
It's actually simple. Just take the top 5 most common things you buy and see how much the price has changed. Then see how much the hourly wage has changed at a local store nearby. If those numbers don't align to your desired outcome, keep selecting other products and stores until your opinion is validated. Easy! Sometimes I think I should've been an economist.
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They make up their own index. If you do that you can make inflation whatever you want it to be.
wrote on 1 Jul 2022, 12:41 last edited by@jon-nyc said in 16% Inflation:
They make up their own index. If you do that you can make inflation whatever you want it to be.
Are they using the same index that was used in 1980?
According to the graph, we’ve been running at high inflation rates the last 40 years and the current increase is only a slight increase and not a nearly 300% increase.
Still, the 16% rate does match the numbers that the Agricultural Board put out the other day…
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wrote on 1 Jul 2022, 13:31 last edited by
Another alternative is to say:
"Blimey, but things are expensive. I reckon inflation is about 20%! Personally, I blame immigration and poofters! The Daily Mail should do an article on this! "
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wrote on 1 Jul 2022, 14:10 last edited by
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
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wrote on 1 Jul 2022, 14:35 last edited by Doctor Phibes 7 Jan 2022, 14:38
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
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wrote on 1 Jul 2022, 17:32 last edited by
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It was stated in the article that they were using the old basket. What items would you disagree with?
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@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
wrote on 1 Jul 2022, 17:33 last edited by@Doctor-Phibes said in 16% Inflation:
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
At least they can read.
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@Doctor-Phibes said in 16% Inflation:
@jon-nyc said in 16% Inflation:
Yes they use a half century old basket of goods as if consumer behavior is unchanged.
It's Daily Mail readers, so it could be accurate.
Brylcreem is really freaking expensive nowadays.
At least they can read.
wrote on 1 Jul 2022, 17:44 last edited by -
wrote on 1 Jul 2022, 19:39 last edited by
You wished you had enough money for a carer.
Or hell, anybody who even cared....
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wrote on 2 Jul 2022, 13:11 last edited by
I eat at this chicken rice street stall quite often. 70 baht (USD$2) for the plate I am eating.
I was in there today and they had a sign that because of increasing costs, all menu items will go up 5 baht.
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wrote on 2 Jul 2022, 13:17 last edited by
I ate at my favorite Chinese place last night. Yes, it's Chinese American food (chow mein, etc.), but it's owned by a Chinese American family and the food is cooked to order. Plus, it's not expensive.
Most of their entree menu prices were up about $3, except for beef, which was about $4. We're not talking about $30 meals, we're talking $17 meals that are now $20 and over.
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I eat at this chicken rice street stall quite often. 70 baht (USD$2) for the plate I am eating.
I was in there today and they had a sign that because of increasing costs, all menu items will go up 5 baht.
wrote on 2 Jul 2022, 13:49 last edited by@taiwan_girl said in 16% Inflation:
Two questions:
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No dark colored, soy sauce like substance to go with this dish?
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No chicken skin on the chicken meat … did you have to asked the vendor to not serve the skin or does it come standard without the skin?
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@taiwan_girl said in 16% Inflation:
Two questions:
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No dark colored, soy sauce like substance to go with this dish?
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No chicken skin on the chicken meat … did you have to asked the vendor to not serve the skin or does it come standard without the skin?
wrote on 2 Jul 2022, 14:11 last edited by-
Nope, that is how it is served. Other restaurants here do include a sauce. This one is actually calls themselves a "Singapore Chicken Ric" restaurant. (See pic below). I cannot remember if when I was in Singapore if they served with a sauce or not.
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Sometimes with some skin, but usually very little.
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wrote on 2 Jul 2022, 19:20 last edited by
We are in a recession, and have been in one for a while now. Some shoes about to drop will make that clearer to those who say we arent..
For example.... mortgage companies have been laying people off left and right for almost a year, and now a wave of mortgage company bankruptcies are about to hit. Real estate sales are slowing way down, housing prices are dropping as time on the market rises. Interest rates are rising... and at the worst possible time. I think we are about to see the housing market implode.
