Thailand’s inflation will fall next year, officials say
Prices are going down and Thailand’s economy is looking up. The Ministry of Commerce is forecasting that inflation in the Kingdom, which hit a 24-year high last year, will fall to just 2 to 3 percent in 2023 as most prices have stabilized and others continue to decline.
In the wake of the pandemic, inflation has been a problem for many economies around the world. Analysts has cited two main factors for higher-than-normal inflation: The COVID-19 virus and measures to prevent its spread caused supply chain disruptions and governments spent larger amounts than usual to assist businesses and populations suffering from the economic…
