Thailand tries to keep costs in check amid food, energy price hike

Thai authorities have been trying to contain the price hike of necessities and goods, especially fresh meat and food, amid efforts to alleviate people’s cost of living.

Prime Minister Prayut Chan-o-cha has ordered relevant authorities such as the Ministry of Commerce and Ministry of Energy to hold talks with consumer goods producers on price freeze, according to government spokesperson Thanakorn Wangboonkongchana.

The Commerce Ministry has talked with the Thai President Foods Public Company Ltd., the country’s leading instant noodle manufacturer, and asked for its cooperation not to raise prices, Xinhua news agency quoted Thanakorn as saying.

He attributed the price hike of consumer goods to the rising gasoline price in the global market, which has led to higher manufacturing and transport costs.

The Ministry…