The INFLATION thread

**tidus1203** · May 30th, 2008 12:02 PM

I think given that ANYTHING and EVERYTHING is going up in prices, its high time to make a thread where we can post all things that are going up in price. Since this is Tsikot the first thing is of course gas prices are going uo but I guess there are many threads discussing that already. But let me start of by saying that even our LPG tanks will now cost P3 more per kilo

Baka may ibang tao bibili nalang ng posporo

http://www.abs-cbnnews.com/topoftheh...StoryId=120047

**uls** · May 30th, 2008 12:57 PM

Natural gas price is on an upward trend
http://futures.tradingcharts.com/chart/NG/W

Tapos pahina pa peso. No wonder tataas LPG.

Haynako...

Gone are the days of price stability.

the sky is falling...

**tidus1203** · May 30th, 2008 04:22 PM

http://business.inquirer.net/money/b...ation-at-88-96

INFLATION for May is 8.8%-9.6% which IMO is still understated cause IMO we have double-digit inflation...

Too add insullt to injury, the goons from the central bank is running the printing presses at a very fast rate...

http://business.inquirer.net/money/b...-up-96-on-year

**Monseratto** · May 30th, 2008 06:27 PM

Blame the commodity speculators. Leading cost of inflation again is high oil prices. Many say this crises will last until early 2010. Yung nakakatakot yung hyper inflation, like what happen in Argentina in the 90's.

**tidus1203** · May 30th, 2008 06:35 PM

Speculators can't be blamed entirely, they are rich guys who want to protect their wealth I am sure kung mayaman ka din you want to make sure your wealth will last you beyond your generation. The US Dollar is being printed at a very rapid rate and its value continues to depreciate. So people put their money in GOLD, OIL or other commodities which retain their value to preserve their wealth....

**DonT** · May 30th, 2008 07:57 PM

Since inflation is on the upward trend....does it follow that interest rates will follow suit?

**tidus1203** · May 30th, 2008 08:24 PM

If we have responsible central bankers then yes they have to raise the interest rate and they have to step on the brakes of the printing presses...

**uls** · May 30th, 2008 09:24 PM

This inflation isnt caused by rapid economic growth.

If this inflation was caused by rapid economic growth, then the central bank can slow it down a bit by raising interest rates.

This inflation is caused by rising prices that have nothing to do with growth.

Our economy doesnt need slowing down. It's already slow.

If the central bank slows down our economy by raising interest rates, baka sa kangkongan pupulutin economy natin.

**DonT** · May 30th, 2008 09:51 PM

Okay...we are in a very unstable situation here. things does not make sense. Sana naman yung mga economic managers natin at technocrats should come forward and do something.