Pork, petrol and noodles – inflation impacting prices in Thailand

Heading into 2022, the ‘I’ word is spooking economists around the world as they look at tools to try and control rampant inflation.

Even in Thailand there has been big rises in staples, making headlines this week, particularly in the pork industry. Meat and produce prices have been sneaking up and now impacting the cost of living for everyone living in the country.

The Thai PM Prayut Chan-o-cha is calling on the Ministry of Commerce and Ministry of Energy to hold urgent talks with producers of food and essentials about price freezes or other tools to control the rising prices.

Prices for chicken, eggs, boat fees, even toll fees, are also increasing and Deputy PM Supattanapong Punmeechaow is now asking Thais to “stay positive” amidst the price hikes and claims that “it is temporary”. The government also been in talks this week with the country’s major noodle producer,…