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Thursday, January 27, 2022

Deputy PM tells Thais to stay positive about price hike for pork, other goods

Pork prices aren’t the only costs rising. Prices for chicken prices, eggs, public boat fees, and toll fees are also increasing and Deputy PM Supattanapong Punmeechaow is now encouraging Thais to stay positive with the price hikes and is saying that it is temporary. He says the price increases are normal due to the law of supply and demand.

In an interview with Thai media, the deputy PM said the government is working on solutions to the price increases. The Thai cabinet consulted with the Bank of Thailand about controlling the inflation situation in Thailand. According to the information from the office of the National Economic and Social Development Council and other relevant institutions, Thailand is expected to have an inflation rate of 1% to 3%. The deputy PM noted that in comparison, the annual inflation rate in the US went up to 7%. He continued saying that the state is…

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