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norbdemn
Joined: 21 Jan 2003
Posts: 128
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 Posted: Sun Aug 24, 2008 10:21 pm Post subject: Inflation, how is it effecting expats? |
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Hi all,
Firstly, I read somewhere that inflation is at 27%. Is this true?
If so, how is it effecting you?
Thanks. |
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Tanker
Joined: 15 Jun 2005
Posts: 72
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| Posted: Mon Aug 25, 2008 5:06 am Post subject: Re: Inflation, how is it effecting expats? |
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| norbdemn wrote: |
Hi all,
Firstly, I read somewhere that inflation is at 27%. Is this true? |
I think that y-to-y is just over 30%.
| Quote: |
If so, how is it effecting you?
Thanks. |
I am shopping more conscientiously, and when I eat out I eat out at places that are more reasonable. Rents have also gone up. |
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ajc19810
Joined: 22 May 2008
Posts: 214
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| Posted: Mon Aug 25, 2008 6:20 am Post subject: |
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I dont find eating out to be too much more expensive. It was pretty cheap to begin with.
Shopping at Coop mart has become more expensive thats for sure. Some of those luxuries that I get have noticably jumped in price.
I have felt the pinch with fuel, not so much bec of my moto but bec the price of oil affects my business.
All in all, yes I have noticed the increase, but I still consider Vietnam a relatively cheap place to live. |
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Saigoner
Joined: 26 May 2008
Posts: 7
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| Posted: Mon Aug 25, 2008 10:55 am Post subject: |
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| ajc19810 wrote: |
I have felt the pinch with fuel, not so much bec of my moto but bec the price of oil affects my business.
All in all, yes I have noticed the increase, but I still consider Vietnam a relatively cheap place to live. |
The things is, we don't know when these huge increases will end.
We'll have to wait and see. |
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norbdemn
Joined: 21 Jan 2003
Posts: 128
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| Posted: Mon Aug 25, 2008 10:09 pm Post subject: Re: Inflation, how is it effecting expats? |
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[quote="Tanker"] Rents have also gone up.[/quote]
Can you give an example of this? By how much did they generally go up?
Thanks |
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sigmoid
Joined: 21 Jan 2003
Posts: 1276
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ajc19810
Joined: 22 May 2008
Posts: 214
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| Posted: Tue Aug 26, 2008 12:09 pm Post subject: |
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Some real examples;
I checked out an apartment in District 5 on Tran Hung Dao Street a bit more than a year and a half ago. It was $375 for the month. I checked there again about 2 months ago and the cheapest apartment was $600.
My old house's rent, in the space of a year jumped 23%.
A hotel I used to live in 2 years ago on Pham Ngu Lao went from $8 / night to $16 / night.
I also agree with Sigmoid, I wouldn't mind paying more if the standard of living had increased with it. |
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sigmoid
Joined: 21 Jan 2003
Posts: 1276
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Rabbit81
Joined: 27 Jul 2006
Posts: 32
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| Posted: Wed Aug 27, 2008 6:47 am Post subject: |
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| ajc19810 wrote: |
| I also agree with Sigmoid, I wouldn't mind paying more if the standard of living had increased with it. |
This is THE issue with me, now. If service and quality of products is sub-standard, I don't mind what I consider to be cheap and/or low cost.
Now I am noticing steady increases in price. Enough to make me more critical of quality of service and products, and the basics.
I don't know how long this inflation will go on. I am even considering options of leaving if it continues for another full year (12 months).
I still like it here, don't get me wrong. |
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norbdemn
Joined: 21 Jan 2003
Posts: 128
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| Posted: Wed Aug 27, 2008 5:38 pm Post subject: |
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Thanks guys for your input!
It seems like this inflation is somehow linked to the trade deficit. Perhaps this is the negative aspect of re-establishing trade with the US? |
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