Economic gains ease cost pressure on producers

The Commerce Ministry insists pressure on domestic manufacturers to raise product prices has declined as sales improve, the government issues stimulus measures, discount campaigns are organised nationwide by the ministry to reduce the cost of living, and a surge of foreign tourist arrivals drives economic activities.

Internal Trade Department director-general Wattanasak Sur-iam said yesterday many consumer products are likely to lower their prices, including palm oil, pork, chicken and eggs.

Mr Wattanasak said the department remains committed to organising discount schemes and selling low-priced products to consumers at department stores and at key festivals when appropriate.

“The country’s reopening resulted in a flood of foreign tourists, leading to domestic manufacturers and…