P4P Inflation (deflation?)
[QUOTE=Rick Rock; 1365450]Don't be surprised when they complain about paying 7 times what they paid a decade ago because people fly in for 5 days and throw money around like water before disappearing for another year or two.[/quote]Unlikely. I was here as a (too) young man 22 years ago. The baht / USD exchange rate was around 25/1. On my first night I paid 1000 baht ST for a gorgeous Laotian beauty from a club named Baby Face (or something like that). The following day I met a 21 why / o cutie with a great personality in an outdoor beer bar. We ended up spending the next 3 days together for which I gave her 3k. I recall that Beach Road girls were getting 300-400 baht for ST at the time.
Compare that to real estate, food, fuel, or even hotel prices (which are also still quite reasonable). Very few commodities have inflated less than P4P. Adjusting for Thailand's average inflation rate of around 3% per anum, P4P is actually cheaper here than 20 yrs ago.