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This is interesting, because back when I was still playing one of the frequent topics of discussion[1] on the RS3 side was the rampant in-game inflation. It's i

This is interesting, because back when I was still playing one of the frequent topics of discussion[1] on the RS3 side was the rampant in-game inflation. It's interesting to see an alternate explanation for it. The Runescape economy is pretty interesting in general, in part because the community maintains such an extensive price history of every item, including commodity price indexes[2]. The wiki even has a page that gives a basic economics lesson[3], including supply/demand curves, arbitrage, and price controls. (And there's also the constant accusations of discontinued rare prices being artificially inflated through insider wash trading) [1] https://old.reddit.com/r/runescape/comments/maohi7/the_cause_of_this_rapid_inflation/ https://old.reddit.com/r/runescape/comments/maohi7/the_cause... [2] https://runescape.wiki/w/RuneScape:Grand_Exchange_Market_Watch https://runescape.wiki/w/RuneScape:Grand_Exchange_Market_Wat... [3] https://runescape.wiki/w/Economy_guide https://runescape.wiki/w/Economy_guide

onei 4y ago
I'd treat those price indexes with a pinch of salt, especially the common trade index. They've been left alone for many years and so track items that are perhaps not quite true indicators of inflation.
sidvit 4y ago
In the past couple years they added a tax to all GE trades that adds gold to a pool. Part of the pool is deleted and the other part is used to buy back items from players on the market which then also deletes them. This has helped with some rarer boss/raid items but the game still has a real issue with base resource inflation (runes/logs/etc) because the trend recently has been adding these drops to boss tables.
- LordDragonfang 3y ago
  >base resource inflation (runes/logs/etc) because the trend recently has been adding these drops to boss tables. Perhaps I'm misunderstanding, but wouldn't that lead to price deflation? I definitely remember skillers complaining about the price deflation effect that the huge quantities of boss drops had on the price of logs and herbs. And runes were/are the outlier, because everyone hates runecrafting and Jagex kept pumping demand with FSOA and arch ancients (smoke cloud?) making other combat styles obsolete, or at least making magic a mandatory switch for top level PVM?
  - sidvit 3y ago
    Yeah sorry, that's what I'm getting at. The most optimal way to get many supplies now is solely through bossing rather than actually doing the skills. These bosses also drop huge piles of them so their prices have crashed like crazy (herb seeds are one big example) Runes were the outlier before the rc minigame was added. Bloods have crashed like crazy the past year, nature runes are almost at alch value, which is kinda funny
  - kevviiinn 3y ago
    Resource inflation means too much of a resource, not too much of a price per resource
tornato7 3y ago
RuneScape rare items were the original NFTs

onei 4y ago

I'd treat those price indexes with a pinch of salt, especially the common trade index. They've been left alone for many years and so track items that are perhaps not quite true indicators of inflation.

sidvit 4y ago

In the past couple years they added a tax to all GE trades that adds gold to a pool. Part of the pool is deleted and the other part is used to buy back items from players on the market which then also deletes them. This has helped with some rarer boss/raid items but the game still has a real issue with base resource inflation (runes/logs/etc) because the trend recently has been adding these drops to boss tables.

LordDragonfang 3y ago
>base resource inflation (runes/logs/etc) because the trend recently has been adding these drops to boss tables. Perhaps I'm misunderstanding, but wouldn't that lead to price deflation? I definitely remember skillers complaining about the price deflation effect that the huge quantities of boss drops had on the price of logs and herbs. And runes were/are the outlier, because everyone hates runecrafting and Jagex kept pumping demand with FSOA and arch ancients (smoke cloud?) making other combat styles obsolete, or at least making magic a mandatory switch for top level PVM?
- sidvit 3y ago
  Yeah sorry, that's what I'm getting at. The most optimal way to get many supplies now is solely through bossing rather than actually doing the skills. These bosses also drop huge piles of them so their prices have crashed like crazy (herb seeds are one big example) Runes were the outlier before the rc minigame was added. Bloods have crashed like crazy the past year, nature runes are almost at alch value, which is kinda funny
- kevviiinn 3y ago
  Resource inflation means too much of a resource, not too much of a price per resource

tornato7 3y ago

RuneScape rare items were the original NFTs