Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik)

 

By Thai PBS World’s Business Desk   

 

Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment with the stagnation of economic output.

 

The rising cost of food, utilities, and transportation are a worry for consumers across the country. Food vendors upcountry have had to adjust their menu, turning away from pork to local stuff, such as frogs. Some vendors are even opting for crocodile meat, which is cheaper, according to local media.

 

“While Bangkokians are worried about the continually rising cost of living, those whose monthly income is less than Bt15,000 are suffering the most compared with other groups; 36 percent of them said their expenses had gone up by 20 percent compared to the latter months of last year before prices of goods started rising,” Kasikorn Research Centre said.

 

Full story: https://www.thaipbsworld.com/is-thailand-facing-the-risk-of-stagflation/

 

-- © Copyright Thai PBS 2022-01-24

 

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Where's the high unemployment? Isn't the official figure around 2%?

How this government   calculates the unemployment rate is beyond me. There is no social security for the greater number of the population, so   how can an unemployed person register  as such.    Oh, I forgot,,   they get  their figures from the Tourism Authority...

Does Thailand have a tiered level surcharge on electrical rates? 

6 hours ago, lordblackader said:

Where's the high unemployment? Isn't the official figure around 2%?

That's the official figure, my guess is add a zero.

I'd say it has already started. Worldwide supply chain issues and the risk of further Covid waves won't help.

Stagnation is a prolonged period of slow economic growth. Thailand has yet to reach that stage. Thailand still have some tools in the box and can be deployed to add liquidity to the economy. Moreover there are case for Covid optimism. 

2 hours ago, hotchilli said:

That's the official figure, my guess is add a zero.

At least...

41 minutes ago, Eric Loh said:

Stagnation is a prolonged period of slow economic growth. Thailand has yet to reach that stage. Thailand still have some tools in the box and can be deployed to add liquidity to the economy. Moreover there are case for Covid optimism. 

Like what exactly? billionaires putting their hands in their pockets? can't see that happening myself.