Food vendors along Silom Road in Bangkok hiked food prices by 5-10 baht in mid-January because of a surge in product prices. However, many business operators are not planning to increase prices over the next three months. Somchai Poomlard
Most business operators do not plan to increase the prices of goods and services in the next three months despite rising costs, according to a Bank of Thailand survey.
The survey included responses from 246 small and medium-sized enterprises and large corporations during the period Jan 1-21.
The study found 59% of respondents are not planning to increase prices over the next three months, while 29% expect to hike prices by less than 10%, 5% want to increase prices by between 11% and 20%, and 4% plan to raise prices by between 21% and 30%.
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