China, lobsters and soaring prices

A roast chicken USD10, average live lobster USD50, airport taxi USD30: The huge Chinese “spend” in South-East Asia is causing a rapid inflation of prices.

Expect enormous inflationary pressure to soon weigh on the smaller economies as locals struggle to cope with rocketing property/food/transport costs.

It’ll be much worst if tourism turns away from “once cheap” Asia…

Clarification: roast chooks in SE Asia haven’t yet undergone the Ingham/Steggles “miniaturisation” program and are a decent size, and come with claws and head cooked and intact – woo hoo, a bonus locals love!

 

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