Phuket's High Cost of Living
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.