I suppose this thread was 'closed' because the inflation rate has gone below 10%. I don't know how long it has been there but I saw the news today where it says that it stands at 5.1% for March and increase from 4.8% in February. Thanks to everyone who were sure to tell us when things were bad but didn't when things got better. It seems that a certain brilliant economist knew what he was doing.
P.S. I double checked at the Central Statistical Office which confirmed what the news said about the inflation rate.
Also the exchange has gone to $6.36, again I don't know how long it has been at that rate.
Edited: lordryoko on 24th Apr, 2010 - 3:18am
Are we supposed to clap and smile when the groceries still going up? Sorry, not me. We have been hearing excuses for years, it needs to stop and needs to be some sort of serious control.
Thank you for your welcome JB and I'll be quick with my reply. My point, sarcastic or not, was to point out that an entire thread was started to point out that the inflation rate was ridiculous and was getting more and more ridiculous regularly. We were given a ball by ball play as the rate increased yet now that the inflation rate is low, nothing is heard. Why is this? As I said, I don't know how long ago it dipped below 10%. You said I did it to make Uncle Patrick look good, well the thread was started to make him look bad, tell me which is worse?
I understood your point. Usually "news" is what is going bad. When the inflation went down (not the food prices much) I guess this Thread lost its fervor. I have not been able to point out a few things that could be added here.
According to the Express the rate of inflation in Trinidad and Tobago has jumped to its highest level in 27 years.
We did had a very harsh drought and severe floods right after. The prices of food stuff was bound to go up and thus the inflation rate too went up. With that in mind, 16.2% is mind boggling. I just hope that things get better, cause I am really hoping that it doesn't get worse.
Didn't this new government say something at one point about setting up committees to look at a way to regulate food prices? I have heard little of this, everything seems to be focusing more on Jack Warner.
As for inflation in itself I am not seeing any huge raise in food prices. Maybe I am so used to seeing it high that a few cents more is of no meaning anymore.