Inflation Rate
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RAZR63
- Kibkommer
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- Joined: Wed 10 Sep 2014 12:57 pm
Inflation Rate
The school my daughter attends in the TRNC (which I can't name??) have increased her fees by 7% and transport by 11% (which seems extreme as fuel costs have actually decreased??). Is this in line with the inflation rate here? Having previously worked as a Bursar in the UK we tended to raise fees in line with the inflation rate.
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brian24001
- Kibkommer
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Re: Inflation Rate
Are the fees in GBP? in which case they could arguable decrease as the school will pay a lot of costs in Tl and will get more Tl for their money. GBP salaries are of course unaffected.
If the school fees are in Euro, maybe it's a result of the weakening currency also?
In terms of inflation, given the amount of imported goods here, and the weak Tl, there is a good chance the fees have actually increased well below the inflation that will soon arrive.
If the school fees are in Euro, maybe it's a result of the weakening currency also?
In terms of inflation, given the amount of imported goods here, and the weak Tl, there is a good chance the fees have actually increased well below the inflation that will soon arrive.
The wife keeps complaining I never listen to a word she says ............. or something like that.
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RAZR63
- Kibkommer
- Posts: 773
- Joined: Wed 10 Sep 2014 12:57 pm
Re: Inflation Rate
Thanks for the reply Brian,brian24001 wrote:Are the fees in GBP? in which case they could arguable decrease as the school will pay a lot of costs in Tl and will get more Tl for their money. GBP salaries are of course unaffected.
If the school fees are in Euro, maybe it's a result of the weakening currency also?
In terms of inflation, given the amount of imported goods here, and the weak Tl, there is a good chance the fees have actually increased well below the inflation that will soon arrive.
The fees are in Sterling .....
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owl
- Kibkommer
- Posts: 155
- Joined: Thu 13 Sep 2012 11:30 am
Re: Inflation Rate
Turkish (&NC) Inflation is currently about 7.5-8.00%, down from it's recent peak of 10%. Fuel is down due to the drop in World Oil prices.
Any Lira based Turkish or NC products or services will obviously be higher than, say, a year ago.
Imported goods or Services may also be quite effected by Exchange Rates, especially £, $ or Euro, and higher in cost. Any Russian or S African products or services should be unchanged,.. or cheaper!
The 'bright side' is that if you have Lira savings getting 8% or more,... you are 'net' gaining!
It'll probably be 'All Change' again in another few months.
owl
Any Lira based Turkish or NC products or services will obviously be higher than, say, a year ago.
Imported goods or Services may also be quite effected by Exchange Rates, especially £, $ or Euro, and higher in cost. Any Russian or S African products or services should be unchanged,.. or cheaper!
The 'bright side' is that if you have Lira savings getting 8% or more,... you are 'net' gaining!
It'll probably be 'All Change' again in another few months.
owl
