Everything from food, basic neccessarity, transport, electric and water bills are rising rapidly.... seem like apart to shifting back to countryside (plant own vegetable, rear chicken etc) or take a second job in the city, life will be harder and tougher
the price different for computer is huge. A 24" dell monitor cost $499 here selling $649 in hong kong. If the shipping is not that high i would have start a business selling dell computer to HK already
the root cause of inflation is that humans are consuming natural resources very fast. the countries/individuals controlling natural resources are growing richer with each passing day and all others are getting poorer. the producers know that it is a seller's market and they are pushing up prices. Thailand was mulling over a rice-cartel, similar to the oil-cartel OPEC. fortunately, it is not going to happen now, but in future it may be reality. all countries that are not self-sufficient in food or energy, should start worrying about their future.....
Sad to say but my country suffers the same problem as you do. and we have rice shortage too. check this out http://opinion.inquirer.net/inquireropinion/editorial/view/20080325-126227/A-rice-shortage
That is a big problem in BPO. We are still paid the same amount in USD, but due to the low value, it converts to something else.
I tell you something it is most deffinatly a worrying time, at the moment the UK is getting through but if they announce that unemployment has risen were in big trouble!
dollar drop is only a minor factor... crude oil has doubled since 2007 began... US$ has just fallen from 1.31 per Euro to 1.55 per Euro in the same period. It is pure case of sellers withholding supply to ramp up prices. Sellers know that now Asian biggies like India and China are competing with the west for oil demand. The Asian demand is steadily going up and thus the suppliers want a better price for their oil. Same is the case with food and other minerals like iron ore, coal etc. Other factors like liquidity injection by central banks and diversion of funds from equities to commodities are, also responsible for this inflation.
seem like the World population expect more price increase from food items based on supply and demand factors as mentioned by Jim Rogers
this is scary, once oil goes up everything goes up.. this is not good, i hope they raise the minimum wage for the workers