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Inflation Rates and Economic Problems

Discussion in 'News and Weather' started by Rye83, Sep 12, 2018.

  1. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Hopefully they get their act together before it gets even more out of hand.
     
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  2. Brian Oinks

    Brian Oinks That's Mr. Pig to you Boy! :) Highly Rated Poster

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    I know many here out of Dumaguete (around the Malatapay Markets) are complaining about the price of Vegetables, Meat, Livestock and other goods. Usually my Grocery Shopping at Hypermart is pretty set with what we buy, and I have noticed over maybe the past 6 months or so, our Bill has risen from 10,000php for a Months worth of Groceries to around 13,000php. Makes me wonder how the local people continue to support the President with what is happening when their lives are suffering so much as a direct result of this. I can absorb it, but how the hell does the little guy who works his @ss off for a pittance survive this? Even if it gets better I would bet that prices stay high.
     
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  3. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    There is the reported inflation figure and then the real one - it would be interesting to know what the government puts into its 'basket' to measure inflation. I think most governments ensure that if something is inflating too fast it gets kicked out and replaced with something less harmful to the figures.

    And then of course is the 'personal inflation rate' depending on what we buy. It is when inflation heavily affects basic food products that a need arises to help the poorest. For those of us who buy luxury goods or eat out a lot, it is tough luck.
     
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  4. TheDude

    TheDude DI Forum Patron Highly Rated Poster

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    In other news, the dollar vs the peso is the highest I have seen since I have been here. That can't be helping inflation. Maybe this is the reason for people complaining about rising prices in restaurants here.
     
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  5. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    A good example of inflation here,i used buy a 2 kg bag of basmati rice here now and then at around p225. It has now risen to p515 for the same bag.
     
  6. Dave_Hounddriver

    Dave_Hounddriver DI Forum Luminary Highly Rated Poster

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    And yet the Aussies, Brits, Germans, Canucks and others do not see any difference from what we were getting long ago. So that says more about the US dollar than the peso.
     
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    Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    It would have just as much to do with the performance of those other currencies as well. The Philippine Peso is weaker than it has been in awhile...and the Dollar (the one that actually matters) has been performing better. :whistling:
    Australian Vegemite vs Philippine Peso
    AUDtoPHP.PNG
    British Yorkshire Pudding vs Philippine Peso
    GBPtoPHP.PNG
    Canadian Maple Syrup vs Philippine Peso
    CADtoPHP.PNG
    German Cabbage vs Philippine Peso
    EURtoPHP.PNG
    'Muricah Freedum Dollar vs Philippine Peso
    USDtoPHP.PNG
    The Peso is down...but so is everything else compared to the Freedom Dollar:
    USDtoAUD.PNG USDtoCAD.PNG USDtoEUR.PNG USDtoGBP.PNG
     
  8. Dave_Hounddriver

    Dave_Hounddriver DI Forum Luminary Highly Rated Poster

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    When everything else is on the ground and you jump, it is common to say you have gone up rather than everything else is down, but whatever makes you happy is all good.
     
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  9. OP
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    Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    We aren't jumping, you just keep digging holes.
    AustraliaGDP.PNG CanadaGDP.PNG GermanyGDP.PNG UKGDP.PNG

    Compared to:
    USGDP.PNG PhilippineGDP.PNG
     
  10. Notmyrealname

    Notmyrealname DI Forum Luminary Highly Rated Poster Showcase Reviewer

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    Certainly the USD has been doing very well in recent years - since about 2008 when the global credit crisis started ..... in the US.

    The GBP has, of course, been doing especially badly due to the uncertainties over Brexit. But all fights for freedom cost money.
     
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