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Close Topic OptionsTrinidad & Tobago Inflation At 10% - Page 17 of 25
I think it depends on which market you go - Page 17 - Trinidad, Tobago / Caribbean - Posted: 16th Oct, 2008 - 3:52am
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Economy, cost of living, high pricesTrinidad & Tobago Inflation At 10% - Page 17
According to the Minister, inflation is not going to last forever. Really?
| QUOTE |
| Inflation will not last forever. The economy will adjust, and as the economy adjusts, personal expenditure patterns must also be adjusted, Minister in the Ministry of Finance Mariano Browne said yesterday. He made the comment while speaking at the Human Resource Management Association of Trinidad and Tobago's post-Budget breakfast forum at the Marriott Hotel, Invaders Bay, Mucurapo. Browne said: "Monetary measures take time to come into effect, and it is also clear that monetary measures, of themselves, will not work and they will not work immediately. "The economy will adjust but in the intervening process it depends on management of resources..." Browne said the reality is that inflation is only for a time. "A year ago, the inflation rate was seven per cent, at this point in time, it is at 13.5 per cent. It is not going to be 13.5 forever, it will come down as well." He added, "But if we base our negotiations on what is taking place today, what we will do for the next few years? We will be in a situation that it will be a little more costly than it needs to be." |
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Despite that, Beverly Lugay, research assistant for the association's Economic Commission for Latin America and the Caribbean says there is an "increased prosperity in T&T".
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| Trinidad and Tobago's citizens experience the smallest amount of economic misery in the region. And this is in spite of the recently increased fuel prices and an inflation rate which is way above the healthy average. Speaking at yesterday's launch of the United Nations' Economic Survey of the Caribbean for 2007-2008, Beverly Lugay, research assistant for the association's Economic Commission for Latin America and the Caribbean, revealed the findings of an economic misery index study done in the region. Trinidad and Tobago actually received a negative score on the economic misery scale, which showed that economic conditions in the country are positive and citizens are experiencing increasing levels of economic prosperity. This means Trinidad's level of unemployment is lower than most of the other measured countries. It is easier for locals to find jobs, while the country's external fiscal balance is positive and real GDP growth is substantial. During the conference at the Normandie Hotel in St Ann's yesterday, international development expert and former UN employee, Dr Johann Geiser, said the number of people living in extreme poverty in the region has decreased dramatically within recent time. He said, however, this country's poverty indicator is too low... |
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Inflation Tobago and Trinidad
Obviously it's unlikely that inflation would be 13.5% perpetually. To me this is what the minister meant.
As for decreased poverty, what? Go tell poor people in the country or those in Beetham that poverty has decreased. While some people in Trinidad do live well and comfortably, I think there is a lot of poverty in this country.
Trinidad & Tobago Inflation At 10% Caribbean / Tobago & Trinidad
How do they arrive to that conclusion about poverty decreasing because more people in Laventille wearning Nike sneakers?
Trinidad & Tobago Inflation At 10%
| QUOTE (hermosa @ 9-Oct 08, 12:04 PM) |
| I will have drink water and study. |
That's funny I do that anyway because it makes me stay awake! I think veggies are lower priced now, but wait til Christmas!
Trinidad & Tobago Inflation 10% - Page 17
| QUOTE (IndianChick @ 13-Oct 08, 5:32 PM) |
| I think veggies are lower priced now, but wait til Christmas! |
IndianChick, you are out of touch. The prices of vegetables continue rising:
| QUOTE |
| Except for eddoes and pumpkin, the price of vegetables increased further over the weekend with tomatoes moving from $10 to $12 a pound, sweet-peppers from $6 to $8, cabbage $5 to $8 and patchoi from $4 to $5 a pound. Locally grown eddoes entered the market and sold this week at $5 from $8 and pumpkin retailed at $2 from $3. Farmers reported that there was an abundance of dasheen bush. However, increasing labour costs and other difficulties in harvesting the leaves kept the price at $4 (open leaves) and $6 (rolled leaves) which decreased from $5 and $7. Hot peppers were four for $2, lettuce $6 and $7 while crops of chataigne and breadfruit sold at $10. The harvest of avocados came to an end with the last of this year crops sold at $10 each from three for $20 a fortnight ago. Farmers have begun cultivation of crops for a Christmas harvest. Tobago farmer, Melvin Dubrie who had been supplying hundreds of pounds of tomatoes to the local markets said that he had been selling out his harvest in Tobago at $8 a pound at wholesale rates. He said that he has been harvesting from one-and-a-half acre of tomatoes, one acre sweet peppers, half-an-acre each of melongene and hot peppers over the past two weeks. "I still have the last pickings to reach the market," he said. He said that he had just cultivated tomatoes, cabbage, celery, parsley, sweet peppers, water melon, pumpkin and lettuce for Christmas. Dubrie set up a greenhouse at a cost of $97,000. He said that he had not been growing crops in the greenhouse as the weather favoured his fields and crops were produced at less costs. Cunupia Farmers Association President, Anil Ramnarine said that the floods had washed away the majority of crops and there was less on the market resulting in increased prices. He said that farmers were unwilling to take the risk of investing in low lying areas and unless the clearing of waterways is addressed, vegetable produce will remain low in supply during the rainy season.... |
Trinidad & Tobago Inflation 10% Trinidad & Tobago / Caribbean - Page 17
I think it depends on which market you go to or where you buy your veggies. I'm not like the typicals I buy my veggies from Hi-Lo which is not the cheapest place but sometimes I do see a price difference.
TOPIC: Trinidad & Tobago Inflation At 10%