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Monday, April 29, 2024

Discounts no fix for price-rise woes

A vendor is having meal along Chakraphet Road in Bangkok on Sunday. Many people are now complaining about the high cost of living. (Photo: Apichart Jinakul)

Prices are rising — in the case of some items like pork products, by a lot — and people are feeling the pinch.

The cabinet recently approved an allocation of 1.48 billion baht from the central budget to fund relief measures in an effort to reduce the rising cost of living over a three-month period.

Proposed by the Commerce Ministry, the amount will be spent on a programme to distribute low-price essential goods to communities nationwide via 3,000 distribution outlets under the Thong Fah (Blue Flag) scheme.

The Bangkok Post spoke to economists, academics and everyday people to find out if the discount scheme is the right fix for the current economic…

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