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Thais overwhelmed by rising prices of food, necessities, poll shows


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Posted

Inflation will really take off soon. The Central Banks around the world have increased the money supply by 50%. Where do you think that extra cash will end up?

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Posted
1 hour ago, BritManToo said:

I agree totally.

My mortgage has fallen from 6.25% to 4.75% ...... 20% drop.

And petrol down from 33bht/l to 22bht/l ......... 30% drop.

At one point in the beginning of the crisis, the week oil prices went negative, I paid 18 baht a litre for gow-neung.

Posted

Is this just Thai economics?

Less customers = less revenue

Less revenue = increase prices

Problem solved.

 

Not forgetting Thais polled recently do not want foreign tourists back and the knock on effects are a part of that.

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