Do you notice inflation?

Do you notice inflation?

in Queen's Jubilee

Posted by: Excalibur.9748

Excalibur.9748

I noticed an inflation of 20-30% personally.

I think QG and pavilion farming needs to be nerfed, honestly.

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Posted by: mtpelion.4562

mtpelion.4562

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

Do you notice inflation?

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Posted by: Celestina.2894

Celestina.2894

Can’t say I have, if anything prices are going down if not staying nearly the same.

(edited by Celestina.2894)

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Posted by: Bovinity.8610

Bovinity.8610

Not really. To be honest, CoF1 farming gave out way more gold than anything going on right now. Plus it was raw coin being injected into the economy, whereas a lot of the money being made off of the current content is really just from getting skins/items and selling them to other players.

All in all, this might actually be better for inflation than CoF1 farming.

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Posted by: Excalibur.9748

Excalibur.9748

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

Do you notice inflation?

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Posted by: TheKillerAngel.3596

TheKillerAngel.3596

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

…and T5 materials such as claws and fangs have fallen to half their former value, while precursors have stayed the same.

What you’re seeing isn’t inflation. It’s a price increase in certain foods (and their ingredients) due to a shift in demand.

Think stacking and skipping trash is cheap?
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Posted by: Vol.5241

Vol.5241

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

There is a difference between inflation and an increase in price due to demand.

And that’s exactly what happened.

Higher demand led to higher prices.

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Posted by: Morrigan.2809

Morrigan.2809

The food increase is due to the gauntlet I’m sure.
Mostly I’ve seen a drop in prices

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Posted by: Celestina.2894

Celestina.2894

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

…………

At times feel it should be illegal for people to use terms they don’t quite understand.

Do you notice inflation?

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Posted by: Bovinity.8610

Bovinity.8610

There is a difference between inflation and an increase in price due to demand.

And that’s exactly what happened.

Higher demand led to higher prices.

Ta-da! Right here.

Notice how the +endurance regen food went up in price? Wonder why.

(Even though you don’t even need to dodge to do Liadri)

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Posted by: Rouven.7409

Rouven.7409

So why did the prices for mini’s go up pretty much across the board?

I’m not talking the prestige ones, but normal blues and greens. Doubtful the demand has spiked here.

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Posted by: Raxus Prime.4218

Raxus Prime.4218

it’s rather upsetting that the term inflation was used

on the other hand

trolls gotta eat

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Posted by: Vol.5241

Vol.5241

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

…………

At times feel it should be illegal for people to use terms they don’t quite understand.

Let’s just hope John Smith doesn’t venture to this subforum..

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Posted by: ZudetGambeous.9573

ZudetGambeous.9573

There has been inflation going on since day 1 of the game. I don’t think it has increased pace since this patch as far as I can tell though.

There may be some increase if champ trains and the gauntlet aren’t eventually nerfed though. They produce far more gold then CoF ever did so once enough players catch on it may become a problem.

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Posted by: Vol.5241

Vol.5241

So why did the prices for mini’s go up pretty much across the board?

I’m not talking the prestige ones, but normal blues and greens. Doubtful the demand has spiked here.

One possible explanation was one or two players decided to buy up a bunch of blue/green mini’s to gamble in the forge.

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Posted by: Vol.5241

Vol.5241

Just remember guys, that even though gold drops have increased considerably (especially from boxes), a tons of loot have also dropped, and players have been dumping them on the TP. Just look at all the dropped prices in terms of lodestones, t5 mats and select skins. 15% cut is a significant gold sink.

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Posted by: Celestina.2894

Celestina.2894

Just remember guys, that even though gold drops have increased considerably (especially from boxes), a tons of loot have also dropped, and players have been dumping them on the TP. Just look at all the dropped prices in terms of lodestones, t5 mats and select skins. 15% cut is a significant gold sink.

Yeah, for all the hate that the TP tax gets, it is doing a marvelous job at keeping the economy in check.

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Posted by: Vol.5241

Vol.5241

If inflation was suddenly a problem for this patch, I would have bet John Smith would have recommended a quick patch adjustment late last week. It’s his job to watch it.

But since we haven’t had anything (if there were no stealth nerfs), I think this may have been intended.

Perhaps lvl 500 crafting and new legendaries may come out next week…

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Posted by: Celestina.2894

Celestina.2894

If inflation was suddenly a problem for this patch, I would have bet John Smith would have recommended a quick patch adjustment late last week. It’s his job to watch it.

But since we haven’t had anything (if there were no stealth nerfs), I think this may have been intended.

Perhaps lvl 500 crafting and new legendaries may come out next week…

Honestly? It wouldn’t shock me if they put this out first just to prep the economy and player base for the crafting, Which is why now that I have the golden title and little use for the gold beyond that, I’m just hoarding any mats I get.

Although tbh my care about 400-500 crafting depends solely on their being ice themed armor or not >_> Ascended in itself ( and legendary weapons for that matter) mean zilch to me if they don’t suit my tastes.

(edited by Celestina.2894)

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Posted by: Sir Vincent III.1286

Sir Vincent III.1286

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

There is a difference between inflation and an increase in price due to demand.

And that’s exactly what happened.

Higher demand led to higher prices.

Or he’s just used to the pricing of those who tries to undercut others in the TP by 20-30% and when those supplies ran out, the price is back to normal before the undercut price.

It’s like how people perceived something to be a tax increase when in fact its just the expiring of tax break.

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Posted by: Excalibur.9748

Excalibur.9748

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

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Posted by: Vol.5241

Vol.5241

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

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Posted by: Excalibur.9748

Excalibur.9748

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

well the thing is I really DONT want to take advantage of this and grind deadeye…but if this inflation keeps up i’ll be FORCED to grind deadeye for the 20gold/hour.

Considering this event lasts until september it’s just a matter of time until everyone and their mom starts doing it.

Do you notice inflation?

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Posted by: WatchTheShow.7203

WatchTheShow.7203

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

That’s because EVERYONE is buying food to combat Liadri. Meanwhile, everything else (like T6 mats) is falling drastically.

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Posted by: rizzo.1079

rizzo.1079

Considering there are probably a fair amount of people who don’t know what a Deadeye is and a lot of us aren’t doing the gauntlet at all anyhow, I don’t think it’ll be a problem.

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Posted by: Vol.5241

Vol.5241

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

well the thing is I really DONT want to take advantage of this and grind deadeye…but if this inflation keeps up i’ll be FORCED to grind deadeye for the 20gold/hour.

Considering this event lasts until september it’s just a matter of time until everyone and their mom starts doing it.

I’ll be transparent here – I didn’t know about it until you said it. And tonight I’ll try it on my zerk warrior :P

I assume you use all gambits on Deadeye? And even through buying tickets, you still profit?

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Posted by: Excalibur.9748

Excalibur.9748

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

well the thing is I really DONT want to take advantage of this and grind deadeye…but if this inflation keeps up i’ll be FORCED to grind deadeye for the 20gold/hour.

Considering this event lasts until september it’s just a matter of time until everyone and their mom starts doing it.

I’ll be transparent here – I didn’t know about it until you said it. And tonight I’ll try it on my zerk warrior :P

I assume you use all gambits on Deadeye? And even through buying tickets, you still profit?

we don’t need more people doing this T_T

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Posted by: Vayra.3290

Vayra.3290

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

Except we’re not.

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Posted by: Vol.5241

Vol.5241

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

well the thing is I really DONT want to take advantage of this and grind deadeye…but if this inflation keeps up i’ll be FORCED to grind deadeye for the 20gold/hour.

Considering this event lasts until september it’s just a matter of time until everyone and their mom starts doing it.

I’ll be transparent here – I didn’t know about it until you said it. And tonight I’ll try it on my zerk warrior :P

I assume you use all gambits on Deadeye? And even through buying tickets, you still profit?

we don’t need more people doing this T_T

TOO LATE SUCKA.

Inflation here we come!

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Posted by: Celestina.2894

Celestina.2894

considering you can ezmode farm deadeye at 20g/hour, you put 2 and 2 together and what do you get? inflation!

That would be the case if

a.) all classes could do it as efficiently
b.) everyone is doing it

well the thing is I really DONT want to take advantage of this and grind deadeye…but if this inflation keeps up i’ll be FORCED to grind deadeye for the 20gold/hour.

Considering this event lasts until september it’s just a matter of time until everyone and their mom starts doing it.

I’ll be transparent here – I didn’t know about it until you said it. And tonight I’ll try it on my zerk warrior :P

I assume you use all gambits on Deadeye? And even through buying tickets, you still profit?

we don’t need more people doing this T_T

TOO LATE SUCKA.

Inflation here we come!

FIGHT THE POWA

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Posted by: Radio Isotope.3045

Radio Isotope.3045

I’m not sure inflation should be judged by items on the trading post when it might need to be judged on gold to gems and gems to gold prices which I saw it go over 4g for 100 gems……

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Posted by: Vol.5241

Vol.5241

AFAIK inflation is calculated using a wide variety of commodity items or services from different industries/categories (consumer price index)

i.e. food, apparel, transportation, education, health

in GW2 you’d need to take a look at the prices for nearly all the items. You can’t just take a look at, say, crafting materials such as t5/t6 since those alone can be influenced greatly by new crafting lvls or legendaries

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Posted by: DarksunG.9537

DarksunG.9537

Inflation of 20-30% over the course of a week would have caused the game’s economy to collapse.

How did you arrive at that number?

the foods I eat are 20-30% more expensive.

…………

At times feel it should be illegal for people to use terms they don’t quite understand.

haha then most of the people who complain about game economies would be in jail.

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Posted by: Excalibur.9748

Excalibur.9748

i have an economics minor so I think I know what inflation is. the truth is…it’s already started :P and will only get worse

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Posted by: DarksunG.9537

DarksunG.9537

i have an economics minor so I think I know what inflation is. the truth is…it’s already started :P and will only get worse

You have an economics minor & you’re calculating inflation based on 1 commodity? um…

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Posted by: quaniesan.8497

quaniesan.8497

No inflation noted. Ecto prices has been stablized around 18s. Precusors have been 200-600 depending on popularity, well except for the Bard (when are you gona fix the Minstrel, Anet?) . So, stop crying.

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Posted by: Excalibur.9748

Excalibur.9748

i have an economics minor so I think I know what inflation is. the truth is…it’s already started :P and will only get worse

You have an economics minor & you’re calculating inflation based on 1 commodity? um…

well everyone’s trying to prove inflation didn’t occur based on 1-2 commodities which is basically the same thing but reverse. in order to prove inflation didn’t occur, you’d have to show that the exchange rate versus gems (which is a stable currency) is stronger.. which is impossible since it passed 4 gold/100 gems already.

I wrote foods as in more than one…so obviously more than 1 commodity. (no not endurance foods…one of them not very popular food for the QG) i didn’t go into too much depths on my methodology but I noticed some other things but I can’t be certain on the percentage they increased by so I didn’t mention. you have to be aware that there is a huge goldsink going on by way of repeated tries at the pavillion bosses so I expect the inflation will be made more transparent after people have cleared all the bosses and start FARMING them.

(edited by Excalibur.9748)

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Posted by: Vol.5241

Vol.5241

The exchange rate for gold/gems is not a good commodity to judge inflation.

What if Anet suddenly released an unlimited Master salvage kit? That would increase the gold/gem rate.

But that doesn’t mean gold inflation has occurred.

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Posted by: Excalibur.9748

Excalibur.9748

The exchange rate for gold/gems is not a good commodity to judge inflation.

What if Anet suddenly released an unlimited Master salvage kit? That would increase the gold/gem rate.

But that doesn’t mean gold inflation has occurred.

gold would be devalued so yes inflation has occurred.

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Posted by: mtpelion.4562

mtpelion.4562

Food prices are going wild right now since ingredients are not dropping from QG. All of the farmers have transitioned to new areas for either QG (no drops at all) or champ farming (Queensdale and Frostgorge) so what you’ve noticed is purely a supply issue, not inflation.

That isn’t to say there is no inflation going on, just that the significant price variations are not related.