Thailand: 13 straight months of negative inflation

[torpedo1970]

The government have a list of products that all vendors have been told how much they can sell these products for.....

easy to keep in range then!

All other products are free for whatever price they want...

Every time i go to Tesco Lotus or Big C every single item i buy is going up by between 2-10 baht every single time.I

did a check and some of the products was more expensive in Thailand compared to Sweden.......

But only Farrang products off course.

Edited February 1, 2016 by torpedo1970

[TheCruncher]

You all not understand Thainess.

What they mean is the the overall negativity against this government is inflating for the 13th month.

[connda]

What am I missing? Why not just say, deflation?

[MaiChai]

Would have to agree i get more for a £30 shop in Aldi in the uk than i do in any of the Thai supermarkets. Pot of jam in thailand is nearly 80 baht, considering its mostly sugar and jelly it should be cheap here. Compared to a better quality product in Aldi its twice the price.

I think part of the problem is that value for money is alien to Thais. Also the Thai supermarket own brands tend to be low quality. Thus thais are forced to buy expensive premium brands. Also you never see thais check out with a full trolly; you might be looking at a 3000 baht or more to fill your trolly.

So there is a business opportunity for someone in thailand! Own brand with ok quality supermarket and you would have lots of customers.

Edited February 1, 2016 by MaiChai

[elgordo38]

Its all a government numbers game that they borrowed from the west. None of these numbers people know a darn thing about shopping. COLA has disappeared from pension checks although costs are going through the roof. People borrowing every cent they can care less about deflation/inflation. Borrow and spend is all they know. Nobody wants to save anymore so why worry what banks pay in interest only their borrowing costs. We live in a Casino economy where our lives are determined by how much a government can fluff us. We all know what a good feeling a fluffer can give you .

[SiSePuede419]

What am I missing? Why not just say, deflation?

Because deflation is worse than inflation.

A certain amount of inflation keeps the economy chugging along.

Deflation is like cutting the fuel flowing into your car engine.

Eventually, its gonna stall...

http://money.usnews.com/money/blogs/flowchart/2010/07/16/why-deflation-is-worse-than-inflation

[trogers]

Would have to agree i get more for a £30 shop in Aldi in the uk than i do in any of the Thai supermarkets. Pot of jam in thailand is nearly 80 baht, considering its mostly sugar and jelly it should be cheap here. Compared to a better quality product in Aldi its twice the price.

I think part of the problem is that value for money is alien to Thais. Also the Thai supermarket own brands tend to be low quality. Thus thais are forced to buy expensive premium brands. Also you never see thais check out with a full trolly; you might be looking at a 3000 baht or more to fill your trolly.

So there is a business opportunity for someone in thailand! Own brand with ok quality supermarket and you would have lots of customers.

Imported food carries 107% import duties and taxes. This has been for decades, inflation or deflation is irrelevant.

[kotsak]

The only thing that has been deflating these past years is my vehicle's tyres pressure and my wallet..

[soalbundy]

I was wondering why everything except petrol was getting more expensive,there's the answer, deflation.

[Daryle]

Could this be propaganda? As my experience, as many others, is that prices are on the rise across the board.

Sent from my iPhone using Tapatalk

[trogers]

I was wondering why everything except petrol was getting more expensive,there's the answer, deflation.

We only at year number 2 of deflation. Welcome to the world of the Japanese, who have lived with this for over two decades...

[soalbundy]

I was wondering why everything except petrol was getting more expensive,there's the answer, deflation.

We only at year number 2 of deflation. Welcome to the world of the Japanese, who have lived with this for over two decades...

I've never understood deflation, why doesn't the government not just keep raising VAT, everything gets more expensive

[trogers]

I was wondering why everything except petrol was getting more expensive,there's the answer, deflation.

We only at year number 2 of deflation. Welcome to the world of the Japanese, who have lived with this for over two decades...

I've never understood deflation, why doesn't the government not just keep raising VAT, everything gets more expensive

Good idea. Wages low and unemployment high, and keep raising the cost of doing business and living...

[webfact]

Inflation rate falls for 13 consecutive months



BANGKOK: -- Inflation rate fell 0.53 per cent in January to stood at 105.46, the Trade Policy and Strategy Office said.

Director-general of the Commerce Ministry’s Trade Policy and Strategy Office Mr Somkiat Trirattanapun said yesterday that the consumer price index (CPI) or the inflation rate in January stood at 105.46, down by 0.53 percent from the same period of last year.

He said the decline in January marked the 13th consecutive month fall.

He attributed the fall in the inflation rate to the declining fuel and retail prices.

However core CPI expanded by 0.59 percent, he said.

He said prices of goods and services such as food and household items moved up slightly last month.

According to a survey on prices of 450 items by the Commerce Ministry, prices of 144 products went up, prices of 202 products remained the same and prices of 104 products decreased last month.

But he expected the inflation rate to move up once petrol price rises above 30 US dollar per barrel.

He also said that the fall of inflation in January is not a sign of the country’s entering deflation. He added that the Trade Policy and Strategy Office still keep the target inflation rate this year unchanged at 1-2 percent.

Source: http://englishnews.thaipbs.or.th/content/149128


-- Thai PBS 2016-02-02

[TheCruncher]

Inflation rate falls for 13 consecutive months

BANGKOK: -- Inflation rate fell 0.53 per cent in January to stood at 105.46, the Trade Policy and Strategy Office said.

Director-general of the Commerce Ministry’s Trade Policy and Strategy Office Mr Somkiat Trirattanapun said yesterday that the consumer price index (CPI) or the inflation rate in January stood at 105.46, down by 0.53 percent from the same period of last year.

He said the decline in January marked the 13th consecutive month fall.

He attributed the fall in the inflation rate to the declining fuel and retail prices.

However core CPI expanded by 0.59 percent, he said.

He said prices of goods and services such as food and household items moved up slightly last month.

According to a survey on prices of 450 items by the Commerce Ministry, prices of 144 products went up, prices of 202 products remained the same and prices of 104 products decreased last month.

But he expected the inflation rate to move up once petrol price rises above 30 US dollar per barrel.

He also said that the fall of inflation in January is not a sign of the country’s entering deflation. He added that the Trade Policy and Strategy Office still keep the target inflation rate this year unchanged at 1-2 percent.

Source: http://englishnews.thaipbs.or.th/content/149128

-- Thai PBS 2016-02-02

But he expected the inflation rate to move up once petrol price rises above 30 US dollar per barrel.

Looks like he isn't aware that oil has only below 30$ per barrel for something like 7 days in total.

[soalbundy]

I was wondering why everything except petrol was getting more expensive,there's the answer, deflation.

We only at year number 2 of deflation. Welcome to the world of the Japanese, who have lived with this for over two decades...

I've never understood deflation, why doesn't the government not just keep raising VAT, everything gets more expensive

Good idea. Wages low and unemployment high, and keep raising the cost of doing business and living...

I did say i didn't understand it. Raise VAT in line with what would be normal inflation, anyway i thought Thailand had no problem with unemployment and has a minimum wage of 300 Baht a day

[Stocky]

They increased the cost of electricity by 13% mid November last year but magically this price just doesn't seem to factor at all.

- It's all total fiction.

[ekkamai]

Negative inflation my foot. Who are they kiddin'?

[connda]

Inflation rate falls for 13 consecutive months

BANGKOK: -- Inflation rate fell 0.53 per cent in January to stood at 105.46, the Trade Policy and Strategy Office said.

Director-general of the Commerce Ministry’s Trade Policy and Strategy Office Mr Somkiat Trirattanapun said yesterday that the consumer price index (CPI) or the inflation rate in January stood at 105.46, down by 0.53 percent from the same period of last year.

He said the decline in January marked the 13th consecutive month fall.

He attributed the fall in the inflation rate to the declining fuel and retail prices.

However core CPI expanded by 0.59 percent, he said.

He said prices of goods and services such as food and household items moved up slightly last month.

According to a survey on prices of 450 items by the Commerce Ministry, prices of 144 products went up, prices of 202 products remained the same and prices of 104 products decreased last month.

But he expected the inflation rate to move up once petrol price rises above 30 US dollar per barrel.

He also said that the fall of inflation in January is not a sign of the country’s entering deflation. He added that the Trade Policy and Strategy Office still keep the target inflation rate this year unchanged at 1-2 percent.

Source: http://englishnews.thaipbs.or.th/content/149128

-- Thai PBS 2016-02-02

Sure. That's why my local shopkeepers have been raising the prices every six months for the last 5 years.

[FredNL]

They really need new calculators.

Or new brains...

Deflation, my ass !!!

[Brer Fox]

Bangkok supermarket prices do not reflect a drop in inflation. Rather, from my observation a substantial increase over the past 5 years..