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Close Topic OptionsTrinidad & Tobago Inflation At 10% - Page 15 of 25
Crap were going to sink. They want to spend - Page 15 - Trinidad, Tobago / Caribbean - Posted: 23rd Sep, 2008 - 8:48pm
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Economy, cost of living, high pricesTrinidad & Tobago Inflation At 10% - Page 15
We will have to change the name of this thread by Inflation at 11.3%. Highest since 1994
| QUOTE |
| Headline inflation has surged to a new high for the year. Driven by rising food prices, the rate jumped to 11.3 per cent in June, up from ten per cent in May and 7.3 per cent a year ago, the Central Bank said yesterday. "The June outcome represents the highest year-on-year rate recorded since April 1994 when headline inflation reached 12 per cent," the Bank said in a statement. Food prices in June were 23.1 per cent higher than a year earlier, with the main contributors being increases in bread and cereals which rose 43 per cent, fish (26 per cent), fruit (37.8 per cent) and oils and fats (23.9 per cent). Consumers also paid higher prices for packaged rice, pasta products and packaged flour. Eggs, milk and cheese were also up 22 per cent last month when compared to the previous year. Core inflation, which filters out food prices, also accelerated 6.4 per cent in June and was almost entirely due to the higher cost of electricity, the Bank said.... |
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Trinidad & Tobago Inflation At 10% Caribbean / Tobago & Trinidad
Ca1979, global problem my foot, that is not the point of this Thread! Inflation here is NOT having the same impact as around the world, don't get me started AGAIN. Try reading a few pages into this Thread and then come again with something worthwhile for me to rip.
| QUOTE |
| Inflation Is Increasingly a Problem Inflation is mounting in both advanced and emerging economies, despite the global slowdown. In many countries, the driving force behind higher inflation is higher food and fuel prices. Oil prices have risen substantially above previous record highs in real terms, driven by supply concerns in the context of limited spare capacity and inelastic demand, while food prices have been boosted by poor weather conditions on top of continued strong growth in demand (including for biofuels). In advanced economies, headline inflation rose to 3.5 percent in May 2008 (12-month change), and, while core inflation remained at 1.8 percent, central banks have expressed growing concerns (see figure). The increase in inflation is more marked and broader in emerging and developing economies, where headline and core inflation have risen to 8.6 percent and 4.2 percent, respectively, the highest rates since around the beginning of the current decade. In these economies, food and fuel make up a larger share of consumption baskets and sustained strong growth has tightened capacity constraints. Looking forward, in advanced economies, inflationary pressures are likely to be countered by slowing demand and, with commodity prices projected to stabilize, the expected increase in inflation for 2008 is forecast to be reversed in 2009. In emerging and developing countries, inflationary pressures are mounting faster, fueled by soaring commodity prices, above-trend growth, and accommodative macroeconomic policies. Hence, inflation forecasts for these economies have been raised by more than 1.5 percentage points in both 2008 and 2009, to 9.1 percent and 7.4 percent, respectively. |
I think it's misguided to say that inflation isn't a global problem.
Inflation Tobago and Trinidad
| QUOTE (Ca1979) |
| I think it's misguided to say that inflation isn't a global problem. |
It is actually misguided to read into something I did not say. Where did I say that inflation is not a global problem? Is this Thread about inflation as a global problem? No, no, no... in fact you seem to be echoing the words of a certain deleted person, I wonder why.
Keep on topic, this is about inflation in Trinidad. Trinidad & Tobago Inflation At 10%
An extra six billion dollars made during 2008 and the government of Trinidad & Tobago decides to save it given the global crisis - NOT! This government wants to spend more of it! Who is the person with idiotic ideas telling me about global economics? Remember when I said that things are run differently here - no lie - anyone ever here this government to date say ANYTHING about what they plan to do given the trend of the US now to inject those bailing out? Nah, Trinidad is 'over rich' we do not care about what the world does, we spend our money how we see fit - the government and all those in Woodfood Square recently clapping for Manning.
Trinidad & Tobago Inflation 10% - Page 15
Gas Prices Go Up!
Oh boy, get ready, the last budget mentioned that gas prices would go up, so this means... even higher food prices and cost for other goods and services. About the only thing I saw amazing was that the government will pay for Education up to Phd level.
Trinidad & Tobago Inflation 10% Trinidad & Tobago / Caribbean - Page 15
Crap were going to sink. They want to spend more money and raised the price of gas, now we are going to pay $10 for doubles just now.
TOPIC: Trinidad & Tobago Inflation At 10%