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Prices that matter:

 

Can of Singha beer: was 25 baht in 1990, now 45

 

Bottle of Singha beer: was 40, now 65

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14 minutes ago, exemplary21 said:

Prices that matter:

 

Can of Singha beer: was 25 baht in 1990, now 45

 

Bottle of Singha beer: was 40, now 65

Less than a baht a year increase.....cant be bad!

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5 hours ago, Thaidream said:

Arounf 1996- the US Dollar rate to Thai Baht was around 4o to 1

mid 70s till 1985 USD/Baht was 20, from 1985 till 1996 the US-Dollar bought 25 Baht. that lasted till the Asian crisis mid 1997 when the Baht fell to an alltime low of 55.50 in January 1998.

 

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Posted (edited)

Early-mid 1990s Bangkok...about ฿25 : $1USD

EVERYTHING  much cheaper back then. And from 1997 when :hit-the-fan: it was even better for a decade! :partytime2:

 

Honey Hotel Air-con room w/fridge 2nd/3rd floor ฿700. The same room when it closed a couple years ago ฿1100.

Dinner in the Honey Coffee Shop: Curry, vegetable side, rice and large Chang ฿140. 2 years ago ฿300

Beer in a go-go or beer bar (or Thermae!) around Nana & Soi Cowboy ฿30-50

Barfine: ฿300-500

ST: ฿300-500

LT: ฿500-1000

 

Remember going out one night with a gal and 2 of her friends in 1992 to a bar Called "Stick" if memory serves, on Soi 22 (Sukhumvit). Got a 750ml bottle of "Black" all the mixers and ice and our own personal "bartender" for the night. Left at closing and all I had was ฿500. Got enough change back to leave the guy a tip...and they gave us what was left of the bottle to take with us! 

 

That's about all I recollect from back then! :vampire: :burp:

Edited by Skeptic7
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22 hours ago, Thaidream said:

There has definitely been inflation and of course the currency situation so much of the price fluctuation depends when you were in Thailand and what the exchange rate was.

 

For example- in 1971 when I  first arrived- a small hotel with air and fridge was 100 Baht and a large beer 17 Baht-  The exchange rate to the US Dollar was just over 20 Baht.  There was no Nana Plaza or Cowboy and I don't ever remember paying a bar fiine and the  honorarium for a lady was normally - 'up to you'  Arounf 1996- the US Dollar rate to Thai Baht was around 4o to 1 but the price of the same hotel was about 800 Baht per night and I believe a large beer around 35-40 Baht.  Bar fines then about 300-500 Baht with the honorarium around 500-700 Baht.

 

As of today- the US Dollar exchange is  30.5 to one Dollar and  the same hotel is 1500 Baht per night and  you can't find a large bottle of beer in Bangkok and the small ones go for around 90 Baht.    I don't know what the bar fines are  in most places but every now and then i stop in for a drink  on one of the more expensive Sois and the quote is around 1800 and the honorium around 3000.

 

I can also remember having my first visit to Pattaya in 1971- only one Western Hotel and  a plate of 10 large prawns could be had for 100 Baht. Thai style loding was arounf 50 Baht and the beer  very cheap.   Obviously Pattaya today is much more expensive- the seafood costly - those same prawns woulld probably cost around 200 Baht per.

 

 

Respectfully, it sounds like you dont understand inflation.  100 baht for a fan room at 20 baht to the dollar is 5 dollars. 5 1971 dollar is roughly equivalent to 30 2019 dollars.

 

30 dollars for a fan room is more than I think what you would normally pay.

 

Feel free to correct me, but it doesn't seem like you have actuallt accounted for inflation.  It will have only gotten more expensive for you if you are living on fixed income, but that is the fault of the fixed income, not prices rising faster than inflation.

 

I suspect prices for land specifically in Bangkok has outstripped inflation, but so far the other posters are also not demonstrating an understanding of inlfation.  In western countries given prevailing rates, you should expect inflation to double prices roughly every 20 years.

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22 hours ago, thedemon said:

As a tourist it was definitely much cheaper in the early nineties even factoring in exchange rates and inflation. But for an expat, I think if you include the cost of setting up house, buying furniture, appliances etc. the equation would change. They were seriously expensive. Also expat level housing/condo rents in central Bangkok weren't cheap though the 97-98 crash sorted that out.

 

Want a new landline? That will be a THB30K (USD1200) bribe to TOT.

 

My first mobile phone was one of those Motorola bricks, cost ca THB100K (USD4K then). There was no choice.

 

No one bought electronics etc. in Thailand. It was much cheaper to fly to HK/Sing and smuggle them back in. Cars were relatively much more expensive too.

I'd be willing to believe it, but the prices people are providing dont seem to indicate this.

 

I think your money probably went further in terms of isolation, clean beaches, etc.  But in terms of pure costs for a room or a beer the prices people are providing indicate it has stayed the same.

19 hours ago, natway09 said:

The inflation rate has certainly been kinder to me in Thailand than in Australia

This has certainly been my experience. I was initially surprised to even find people complaining about rising prices.  My assumption is that they are simply bad at compounding inflation via math and are simply shocked that things ever go up at all.  But I thought I'd ask around for the prices to see for sure.

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14 hours ago, Dolphin99 said:

Respectfully, it sounds like you dont understand inflation.  100 baht for a fan room at 20 baht to the dollar is 5 dollars. 5 1971 dollar is roughly equivalent to 30 2019 dollars.

 

30 dollars for a fan room is more than I think what you would normally pay.

 

Feel free to correct me, but it doesn't seem like you have actuallt accounted for inflation.  It will have only gotten more expensive for you if you are living on fixed income, but that is the fault of the fixed income, not prices rising faster than inflation.

 

I suspect prices for land specifically in Bangkok has outstripped inflation, but so far the other posters are also not demonstrating an understanding of inlfation.  In western countries given prevailing rates, you should expect inflation to double prices roughly every 20 years.

A 20-year rule is unfortunately not working that well anymore, the last 20 years it has been 40-50 percent up, and during the past decade only 10+15 percent up – whilst in the 70ies it was merely doubled in 10-year – you need to compare with a price index, for example consumer price index.

 

But you are right, looked from a dollar economy side of view, that $5 in 1971 equals some $35 now (in consumer price equivalent), and $35 converts to about 1,000 baht today in currency exchange. However 100 baht equals around 700 baht if same consumer price equivalent is used.

 

So the same things are relative becoming more expensive for a dollar-alien, than for a native; i.e. 1000 baht vs. 700 baht, and the difference might be even greater for some Europeans.

 

Now comes the room location into the picture, because you can find fan room for both 299 bah,t and 700-800 baht, where I stay in Thailand. If it was a circa 700 baht today location in 1971, then it fits quite well.

 

But didn't user @Thaidream talk about "small hotel with air and fridge"?

Again depending of location, you can find air & fridge rooms for 700-800 baht today, and you can also easily pay a lot more, also more than equivalent to $30-$35, i.e. in the 1,000 baht range. Where I live 1,500 baht and up is merely the going rate.

 

The official Thai consumer price index is here, but maximum period runs from 1976, with index number around 30, and today index is about 103.

🙂

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On 8/22/2019 at 8:21 AM, Dolphin99 said:

interesting.  people here complain that everything has gotten more expensive but that sounds roughly in line with what you would expect from inflation.  to me it sounds like prices have remained relatively the same in terms of purchasing power in usd/euros

 

I was curious, and Thailand in the 80s still looked significantly more developed than most ASEAN countries today, and I am suspecting Thailand has always been more expensive.

 

maybe the older guys just complain too much?

 

The problem is Thailand used to be so cheap they spent all their money. Now they live on a pension that hasn't changed since they came here. 

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7 hours ago, khunPer said:

A 20-year rule is unfortunately not working that well anymore, the last 20 years it has been 40-50 percent up, and during the past decade only 10+15 percent up – whilst in the 70ies it was merely doubled in 10-year – you need to compare with a price index, for example consumer price index.

 

But you are right, looked from a dollar economy side of view, that $5 in 1971 equals some $35 now (in consumer price equivalent), and $35 converts to about 1,000 baht today in currency exchange. However 100 baht equals around 700 baht if same consumer price equivalent is used.

 

So the same things are relative becoming more expensive for a dollar-alien, than for a native; i.e. 1000 baht vs. 700 baht, and the difference might be even greater for some Europeans.

 

Now comes the room location into the picture, because you can find fan room for both 299 bah,t and 700-800 baht, where I stay in Thailand. If it was a circa 700 baht today location in 1971, then it fits quite well.

 

But didn't user @Thaidream talk about "small hotel with air and fridge"?

Again depending of location, you can find air & fridge rooms for 700-800 baht today, and you can also easily pay a lot more, also more than equivalent to $30-$35, i.e. in the 1,000 baht range. Where I live 1,500 baht and up is merely the going rate.

 

The official Thai consumer price index is here, but maximum period runs from 1976, with index number around 30, and today index is about 103.

🙂

Yes, doing an actual CPI calculation, it looks like most spending power comes out slightly ahead in Thailand except for individual cases of economies weakening like the euro.  but properly atated thatvis europe becoming weak, not Thailand becoming expensive.  You are right that location is everything though, and I have no doubt Pattaya or Patong are more expensive these days.  CPI does a poor job of capturing that.  Thank god most people don't like in Pattaya.

15 minutes ago, Cryingdick said:

 

The problem is Thailand used to be so cheap they spent all their money. Now they live on a pension that hasn't changed since they came here. 

Sounds like a common problem.  Many of their pensions are higher than the full time wage of their children back home.  It is hard to feel sorry for someone in that position.

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