Chi_trekker wrote:
The locals should be screaming at the government about inflation and prices.
I think the price includes a lot of tax, but this is how a lot countries collect tax. They have no income tax and hardly any property tax (administrative nightmares) so they load up on VAT (value added tax). It seems that it is easier to collect taxes from businesses rather than individuals.
They have to get taxes from somewhere so I doubt the price of goods and food will go down. Inflation is just the way it is - not sure why though.
Right now, as for food, it is going up all the way around the world. Rice in Asia has doubled in something like 6 months time. This is a huge issue especially in poor nations/countries.
I have a friend from Brazil who talks of the high clothing prices in Brazil. She tells me that her niece in Brazil thinks clothes are priced reasonably, but since my friend lives in the USA, she can't believe what they have to pay for jeans and more in Brazil. This applies across the board - electronics, appliances and whatever else in retail stores.
Oh, and the recent food shortages are related in part to more and more food being used as biofuel. Just 1 reason why corn and what not will not replace oil. It is just a matter of choice, either accept oil for what it is or use food as fuel and starve some people to death.