webfact Posted January 5, 2022 Share Posted January 5, 2022 By Panithan Onthaworn Thailand’s consumer price index (CPI), an indicator of headline inflation, in December rose 2.17 per cent year-on-year, driven by rising fuel and food prices, the Ministry of Commerce said Wednesday. This marks the fourth consecutive month of rise in headline inflation since September 2021. For the entire 2021, the headline CPI increased 1.23 per cent from a year earlier, Ronnarong Phoolpipat, the Director-General at the Trade Policy and Strategy Office, told a briefing. Full story: https://www.thaienquirer.com/36229/headline-inflation-jumps-on-rising-fuel-and-food-prices/ -- © Copyright Thai Enquirer 2022-01-06 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
NicholasTH Posted January 5, 2022 Share Posted January 5, 2022 Just like here in the United Kingdom too 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted January 5, 2022 Popular Post Share Posted January 5, 2022 I'm sure those unemployed due to constant lockdowns and lack of tourists will be happy to just grin an bare it for another indefinite length of time 3 Link to comment Share on other sites More sharing options...
zzaa09 Posted January 5, 2022 Share Posted January 5, 2022 2 hours ago, NicholasTH said: Just like here in the United Kingdom too Things appear to be tough the world over. 2 Link to comment Share on other sites More sharing options...
Popular Post Andycoops Posted January 5, 2022 Popular Post Share Posted January 5, 2022 With the surge in vegetable prices and lack of income, I've never seen so many people in my village and the surrounding area making their own plots to grow them. 8 Link to comment Share on other sites More sharing options...
daveAustin Posted January 5, 2022 Share Posted January 5, 2022 Hopefully Thailand won’t see the double digit rises so called first world countries are experiencing. Got to be the absolute sh.1test time to be around post-WWII. Feel sorry for the younger generations as it’s only going one way, and yet you still have the ‘cream of the crop’ thoroughly enriching themselves. Bezos loves the pandemic, eg. The monetary system is broken… not that it ever worked. 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted January 6, 2022 Popular Post Share Posted January 6, 2022 I saw this starting back in June with prices here. When I mentioned it on another OP I was chastised by some who claim they know how economies work and said that I had no Idea what I was talking about. I even posted actual indices and indicated how the economy was slowing and we were seeing Stagflation, but oh no that could never happen in Thailand as the economy was still growing with exports and imports.....lol. Inflation is here and has been here. Prices on all commodities have risen and then with the transport of goods slowing down, all we can do is hope it does not get worse and those at the poverty level have even less. With the lack of jobs and the regulations put in place with this government they are just hurting things even more. However, this is my view and sure I will be once again told I am wrong in this view. 5 2 Link to comment Share on other sites More sharing options...
Henryford Posted January 6, 2022 Share Posted January 6, 2022 1.23% yeah right. Was that figure made up by TAT. 2 Link to comment Share on other sites More sharing options...
bkk6060 Posted January 6, 2022 Share Posted January 6, 2022 Just the beginning I bet of wide ranging inflation here. 1 Link to comment Share on other sites More sharing options...
clivebaxter Posted January 6, 2022 Share Posted January 6, 2022 When will those tax reductions on wine, spirits and cigars kick in? ???? 1 1 Link to comment Share on other sites More sharing options...
BritManToo Posted January 6, 2022 Share Posted January 6, 2022 Encountered my first inflation yesterday compared to 2019 prices. 1kg Bread flour up from 31bht to 34bht +10% 1kg All purpose flour up from 24bht to 29bht +20% 500gm of butter mix up from 84bht to 94bht +10% 500gm raisins down from 55bht to 50bht -10% 1 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted January 6, 2022 Popular Post Share Posted January 6, 2022 33 minutes ago, ThailandRyan said: Inflation is here and has been here. Prices on all commodities have risen and then with the transport of goods slowing down, all we can do is hope it does not get worse and those at the poverty level have even less. With the lack of jobs and the regulations put in place with this government they are just hurting things even more. However, this is my view and sure I will be once again told I am wrong in this view. I've noticed the rise in many daily commodities over the last few months... Meat, vegetables and even daily consumables. 4 Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 6, 2022 Share Posted January 6, 2022 5 minutes ago, hotchilli said: I've noticed the rise in many daily commodities over the last few months... Meat, vegetables and even daily consumables. Even fuel has gone up, but then the ministry capped diesel prices if I recall last month. We watch the daily commodities report in the morning and can see everything going up from a satang to 20 baht. Link to comment Share on other sites More sharing options...
worgeordie Posted January 6, 2022 Share Posted January 6, 2022 Inflation rising , but interest on your bank deposits , not , your cash is slowly melting away ,no wonder so many people in debt, cash at the moment is no longer King. regards Worgeordie 2 Link to comment Share on other sites More sharing options...
hotchilli Posted January 6, 2022 Share Posted January 6, 2022 3 minutes ago, ThailandRyan said: Even fuel has gone up, but then the ministry capped diesel prices if I recall last month. We watch the daily commodities report in the morning and can see everything going up from a satang to 20 baht. I've noticed the price of eggs have jumped again... I bought my usual Size O x 30 yesterday up 10 baht from last week. Link to comment Share on other sites More sharing options...
konaboy Posted January 6, 2022 Share Posted January 6, 2022 1 hour ago, ThailandRyan said: I saw this starting back in June with prices here. When I mentioned it on another OP I was chastised by some who claim they know how economies work and said that I had no Idea what I was talking about. I even posted actual indices and indicated how the economy was slowing and we were seeing Stagflation, but oh no that could never happen in Thailand as the economy was still growing with exports and imports.....lol. Inflation is here and has been here. Prices on all commodities have risen and then with the transport of goods slowing down, all we can do is hope it does not get worse and those at the poverty level have even less. With the lack of jobs and the regulations put in place with this government they are just hurting things even more. However, this is my view and sure I will be once again told I am wrong in this view. Not so Link to comment Share on other sites More sharing options...
konaboy Posted January 6, 2022 Share Posted January 6, 2022 Just now, konaboy said: Not so I actually mean right on. 1 Link to comment Share on other sites More sharing options...
mikebell Posted January 6, 2022 Share Posted January 6, 2022 'the Commerce Ministry is maintaining its headline inflation forecast in the range of 0.7% to 2.4% (average of 1.5%) this year.' BP this morning! Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 6, 2022 Share Posted January 6, 2022 19 minutes ago, worgeordie said: Inflation rising , but interest on your bank deposits , not , your cash is slowly melting away ,no wonder so many people in debt, cash at the moment is no longer King. regards Worgeordie You cant mean that using a credit card is now king and then paying it off before the interest hits.....well now that's a fine howdy ya doo. Link to comment Share on other sites More sharing options...
ThailandRyan Posted January 6, 2022 Share Posted January 6, 2022 (edited) 6 minutes ago, konaboy said: Not so Got it...thanks...lol Edited January 6, 2022 by ThailandRyan Link to comment Share on other sites More sharing options...
Gsxrnz Posted January 6, 2022 Share Posted January 6, 2022 Global debt is about 350% of global GDP. Since the start of the "pandemic" virtually every economy has increased their money supply through fiscal easement (printing money) north of 30% and still going fast. The US M2 is up 37% in 18 months. International productivity has declined, interest rates are on the rise as Feds try to control inflation, but too little too late. Rampant inflation is on the way - this is what happens when the world follows the Zimbabwe economic recipe. 1 Link to comment Share on other sites More sharing options...
Popular Post stupidfarang Posted January 6, 2022 Popular Post Share Posted January 6, 2022 (edited) 2 hours ago, daveAustin said: Hopefully Thailand won’t see the double digit rises so called first world countries are experiencing. Got to be the absolute sh.1test time to be around post-WWII. Feel sorry for the younger generations as it’s only going one way, and yet you still have the ‘cream of the crop’ thoroughly enriching themselves. Bezos loves the pandemic, eg. The monetary system is broken… not that it ever worked. stop buying from Amazon, simple choice. It comes down to do we want to buy in the shop or online via Ebay or Amazon and get better prices? Here we are with a pandemic that started in China, the amazing thing is the PCR and flow test kits we all use come from China, most of the safety equipment comes from China, it is a crazy world we live in. Edited January 6, 2022 by stupidfarang 3 Link to comment Share on other sites More sharing options...
CrunchWrapSupreme Posted January 6, 2022 Share Posted January 6, 2022 5 hours ago, RichardColeman said: I'm sure those unemployed due to constant lockdowns and lack of tourists will be happy to just grin an bare it for another indefinite length of time The question on everyone's lips, "What are they supposed to do now?" No one seems to care. Many returned bargirls in my village, left begging from their grandparents. What I really don't get is, why they continue getting blasted with these ads on TV, and as they scroll through their social media. Buy this, buy that. Delicious new food, amazing new skin cream. Shinier, flashier cell phones. Sign up for this rewards program to give you more points the more you buy. Buy some more insurance. You'll need it when you wreck these new big trucks you gotta have. Yet these majority of these people are still dirt poor, and been getting poorer since Covid. What all these ads say to me is that they'd like more customers. It'd really be in the best interest of Mr. CP, Mr. Singha, Mr. Central to somehow create them. Perhaps by giving all these unemployed people jobs, and paying them decently, so that they might buy more of your products? So that they might move into all those vacant condos, not far from the Klong Toey slums, then buy more products to fill them? Keep tormenting us with those ads, for stuff no one can buy, for customers who'll soon magically appear I suppose. 2 Link to comment Share on other sites More sharing options...
Cake Monster Posted January 6, 2022 Share Posted January 6, 2022 1 hour ago, BritManToo said: Encountered my first inflation yesterday compared to 2019 prices. 1kg Bread flour up from 31bht to 34bht +10% 1kg All purpose flour up from 24bht to 29bht +20% 500gm of butter mix up from 84bht to 94bht +10% 500gm raisins down from 55bht to 50bht -10% Bread Flour now in Makro is 36 Baht / Kg All prices have risen by huge amounts vegies are particularly hit hard Plum Tomatoes from 45 / Kg to 80 Spring Onions 400 / Kg from about 180 Chicken over 30% rise Pork over 70 % rise for most cuts Fuel costs form Transportation - no rise Profiteering - massive rise. 1 Link to comment Share on other sites More sharing options...
worgeordie Posted January 6, 2022 Share Posted January 6, 2022 4 hours ago, ThailandRyan said: You cant mean that using a credit card is now king and then paying it off before the interest hits.....well now that's a fine howdy ya doo. I think debt seems to be King now.......it's very popular regards worgeordie 1 Link to comment Share on other sites More sharing options...
mikecha Posted January 6, 2022 Share Posted January 6, 2022 7 hours ago, BritManToo said: Encountered my first inflation yesterday compared to 2019 prices. 1kg Bread flour up from 31bht to 34bht +10% 1kg All purpose flour up from 24bht to 29bht +20% 500gm of butter mix up from 84bht to 94bht +10% 500gm raisins down from 55bht to 50bht -10% 14 Baht wow will make the Falang Broke and that in 2 years so 1 beer less then you made up the difference Link to comment Share on other sites More sharing options...
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