War Causes Highest Inflation in 13 years

[snoop1130]

 

NONTHABURI, April 5 (TNA) – Inflation ran at 5.73% in March, the highest in 13 years, because the Russia-Ukraine war is raising energy prices, according to the Trade Policy and Strategy Office.

 

TPSO director-general Ronnarong Phoolpipat said headline inflation in March ran at 5.73% year-on-year mainly because the prices of products and services rose according to their higher costs. They included the prices of energy and imported raw materials as well as transport fees.

 

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Full Story: https://tna.mcot.net/english-news-917592

 

-- © Copyright TNA 2022-04-05

 

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[Mavideol]

and now they have the good excuse to justify their poor management skills..... it's not us it's them

[Pmbkk]

21 minutes ago, Mavideol said:

and now they have the good excuse to justify their poor management skills..... it's not us it's them

 

Boris already beat them to it -

 

Nothing to do with Brexit,

Nothing to do with Covid and the massive misspending, illegal payments to the boys for PPE and rampant fraud through pathetic governance

ahhh... ( let me think )

A war, that's always a good get out of jail card....

[starky]

What war? Is there a war?

[petermik]

Just now, starky said:

What war? Is there a war?

pssst don`t mention the war....war,what war?

[StayinThailand2much]

49 minutes ago, Mavideol said:

and now they have the good excuse to justify their poor management skills..... it's not us it's them

A war? In Thailand?? Oh yes, the French... So, that's what they talk about all day! ????

[ThailandRyan]

Wow, blaming it on a war that has only been going for 6 weeks, sounds like the blame it on everything else except our inept selves game is starting to be played.  What a bunch of flicking cluntss.... 

[Petey11]

Think it's pretty certain not the war suddenly caused inflation, it's just added to the pace of rise. In the UK we've been seeing inflation steadily increase since before Christmas. Kept telling the girlfriend that you haven't seen the inflation yet in Thailand as you seem to be at least 3-4 months behind, give it another couple of months and I'm sure Thai consumers will really start to notice it. It's going to hit the every country IMO.

[Soikhaonoiken]

Blame the war in Ukraine...

No..  it's the Government's miss handling of the economy and pandemic...

[Meat Pie 47]

6 hours ago, starky said:

What war? Is there a war?

I guess you haven't been to the Ukraine lately

[daveAustin]

^^ Yeah right. All very flippant while those poor b’stards are slaughtered by retard commie maniac. 
On inflation, it was already there. The terrorism in Ukraine is subterfuge.

[RichardColeman]

Who'da thought inflation would skyrocket after 2 years of closures world wide ! Nothing to do with the war in my opinion.

[wombat]

Y'all above posters must be stoned on the 0.2% weed, to not agree with the govmint its the police action in some foreign country causing inflation.

[hotchilli]

13 hours ago, snoop1130 said:

Inflation ran at 5.73% in March, the highest in 13 years, because the Russia-Ukraine war is raising energy prices, according to the Trade Policy and Strategy Office.

Well that was convenient, thank you Russia, now Thailand can take the pressure off China and Covid.

[hotchilli]

13 hours ago, starky said:

What war? Is there a war?

I don't think what's going on in Ukraine is just a dust-up.

[starky]

8 hours ago, Meat Pie 47 said:

I guess you haven't been to the Ukraine lately

????????????????  I know this isnt the most high brow forum far from it for the most part. But seriously? 

But to answer your question no I have not beem to the Ukraine recently. Have you? Please let me know if you have and if anything may be happening there. Cheers.

[Pedrogaz]

Nothing to do with the war.....and everything to do with the crazy monetary policies that central banks have whereby they prints trillions and trillions of dollars. When you print trillions of dollars you devalue the currency and get inflation.

[starky]

2 hours ago, hotchilli said:

I don't think what's going on in Ukraine is just a dust-up.

Jesus. I know humour doesnt translate well in text but this forum takes the cake. I am well aware of goings on overseas, thanks. How it correleates to Thailand having the highest inflation in 13 years in just over a month, when they are discussing year on year figures could potentially be open to debate though I posit. 

[SunnyinBangrak]

"NONTHABURI, April 5 (TNA) – Inflation ran at 5.73% in March, the highest in 13 years, because the Russia-Ukraine war is raising energy prices"

 

This is more false than true. If the war caused energy prices to rise, then why did they start rising from the time Biden cancelled the Keystone pipeline on about his first day in office, over a year before Russia invaded Ukraine? Might there be other factors at play apart from the Ukraine/Russia skirmish?

 

 

 

[sandyf]

10 hours ago, Petey11 said:

Think it's pretty certain not the war suddenly caused inflation, it's just added to the pace of rise. In the UK we've been seeing inflation steadily increase since before Christmas. Kept telling the girlfriend that you haven't seen the inflation yet in Thailand as you seem to be at least 3-4 months behind, give it another couple of months and I'm sure Thai consumers will really start to notice it. It's going to hit the every country IMO.

Exactly, the problems in Ukraine have only compounded problems that were already beginning to surface, the rises in energy prices were being discussed before Christmas.

This is another global problem that will not go away soon and Thailand is much better placed to deal  with it than others. Chicken farmers in the UK are already running out of feed and sunflower oil is becoming worth it's weight in gold.

The real  problem is how far will it run, people are talking about 7-8% as a crisis. I bought my first house in 1976, interest rates were around 10% and within 5 years had topped 18%.  We can only hope we don't end up there again.

[Cake Monster]

16 hours ago, ThailandRyan said:

Wow, blaming it on a war that has only been going for 6 weeks, sounds like the blame it on everything else except our inept selves game is starting to be played.  What a bunch of flicking cluntss.... 

If Thailand thinks it has an inflation issue now, wait a Month or so, when all the future Contracts for raw Commodities kicks in.

Oil and Gas futures are only a small part of the overall picture, with many Commodities coming out of either Russia or Ukraine gaining massively.

We are talking Wheat, Corn, Nickel, Palladium, Platinum, Potash Etc Etc Etc., and of course Oil and Gas.

Deliveries of Raw Commodities will have been placed on the Futures Market by Traders for delivery now, way back in December or November, so will be still at the pre War prices.

Expect prices to rise rapidly from next Month onwards as the contracts placed in early February start to be delivered.

Many of these Commodities have gained 50 % or more in price, and some as much as 150 %, so its possible to see the outcome of these price rises fairly easily.

 

[RafPinto]

https://tradingeconomics.com/thailand/inflation-cpi

 

[RafPinto]

4 hours ago, hotchilli said:

Well that was convenient, thank you Russia, now Thailand can take the pressure off China and Covid.

No ploplem.

Soon, 1 trillion high end Indians, 56 Trillion luxury spoiled Arabs will spend hundreds of Trillion $ each day in Thailand.

[Stargeezr]

Considering that the Ukraine is a very large country that has lots of agriculture, and exports

to other countries, the invasion of Russia into Ukraine will be felt from the countries that rely

on the exports from Ukraine.  It is a shame the the people of Russia do not get local news about

this war, and they seem to think of it as only a special operations by Russian military.

  I hope that all of the Russians that are abroad are passing on the real situation to their

relatives back home.

[jacko45k]

20 hours ago, starky said:

????????????????  I know this isnt the most high brow forum far from it for the most part. But seriously? 

But to answer your question no I have not beem to the Ukraine recently. Have you? Please let me know if you have and if anything may be happening there. Cheers.

The news reports are bringing it into our living rooms on a daily basis. 

[AnotherFarang8]

Too many dollars and euros have been created, backed by nothing. Those dollars have ended as currency reserves of countries, a so called export of inflation. Now countries will be in a race to spend these reserves on resources before reserves are arbitrarily frozen by central banks of US and Europe for “wrong” behavior and before resources are scooped up by competition. Prices of resources constitute a significant part in the prices of final products. As the race is only starting and currency reserves in the world are very large, price inflation can be expected to accelerate at mind-boggling rates.