Phuket's High Cost of Living

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 27 Oct 2011 | 6:00 am

Inflation is never a good thing but recently hyperinflation has been reverberating on the island.

Of course, post GFC, the situation Phuket finds itself is hardly unique as basic needs such as food continue to escalate through the veritable roof worldwide.

Thailand's CPI or Consumer Price Index which covers all manner of commodities including food, electricity and water, housing, medical care, transportation , petrol, and education continue to grow.

While an outcry over the proposed increase in the island's minimum wage by THB300 baht looks set to come on stream early next year, the move could be a double whammy to inflation and create a domino effect which will see benefits not only quickly eradicated but perhaps worsening CPI levels.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Starwood Capital's eco chain brand
http://www.1hotels.com

Singapore flashpacking budget sleep
http://www.winkhostel.com

Top Manila travel and food blog
http://www.ourawesomeplanet.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

Wellness Retreat Wins Award

Thai based group Zinc InVision have been recognized with a Senses Wellness Award for Best Medical Wellness Resort for The Farm at San Benito in the Philippines.

WEDNESDAY Business Crisis Management Seminar

After Phuket's recent tsunami and earthquake scares, environmental organization SEEK have arranged Business Continuity Management for Crisis Situations seminar.