webfact Posted March 23, 2022 Share Posted March 23, 2022 By Panithan Onthaworn Thailand’s Finance Ministry said on Wednesday that a spike in global energy prices could lead the country’s headline inflation to grow up to 7 per cent in 2022, the highest level since the 1997-98 Asian financial crisis. Arkhom Termpittayapaisith, the Finance Minister, predicted that headline inflation will rise in tandem with a surge in crude oil prices as a result of sanctions against Russia for its invasion of Ukraine. He expects headline inflation to rise by 5 to 7 percent if crude oil prices remain above $100 per barrel for the rest of the year. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe Full story: https://www.thaienquirer.com/38848/finance-ministry-sees-inflation-hit-23-year-high/ -- © Copyright Thai Enquirer 2022-03-23 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Full story: https://www.thaienquirer.com/38848/finance-ministry-sees-inflation-hit-23-year-high/ Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted March 23, 2022 Popular Post Share Posted March 23, 2022 No way, they just now saw inflation rise? 2 minutes ago, webfact said: Arkhom Termpittayapaisith, the Finance Minister, predicted that headline inflation will rise in tandem with a surge in crude oil prices as a result of sanctions against Russia for its invasion of Ukraine. Many of us have been seeing the signs for the past year. It is not just the price of crude that raises prices, it is the full monty of many items...to many to expand on here. These folks are truly blind and then it also explains why the baht has a teflon coating on it. 5 Link to comment Share on other sites More sharing options...
Excel Posted March 23, 2022 Share Posted March 23, 2022 13 minutes ago, ThailandRyan said: No way, they just now saw inflation rise? When you are a government with their heads up their back sides it wouldn't surprise 1 Link to comment Share on other sites More sharing options...
crazykopite Posted March 23, 2022 Share Posted March 23, 2022 I’ve seen chicken breast in Makro go up from 59 baht to 80 baht a kilo in the last fortnight . The baht is getting weaker as well and as my monies come from the U.K. that is music to my ears 1 Link to comment Share on other sites More sharing options...
JonnyF Posted March 23, 2022 Share Posted March 23, 2022 2500 Baht to fill my car this morning. And there was still almost a quarter of a tank left. I'd have to check the receipt but I'm pretty sure it was 47.89 per litre. Not to mention the hikes on food etc. People must really be struggling. 2 Link to comment Share on other sites More sharing options...
RichardColeman Posted March 23, 2022 Share Posted March 23, 2022 4 hours ago, webfact said: Russia for its invasion of Ukraine. Hopefully an up and upcoming 10,000 baht airport arrival tax for all Russians, if ever they come back to make some amends for their nations abuse Link to comment Share on other sites More sharing options...
Cake Monster Posted March 23, 2022 Share Posted March 23, 2022 4 hours ago, ThailandRyan said: No way, they just now saw inflation rise? Many of us have been seeing the signs for the past year. It is not just the price of crude that raises prices, it is the full monty of many items...to many to expand on here. These folks are truly blind and then it also explains why the baht has a teflon coating on it. They aint seen nothing yet. When the full effects of the Sanctions really kick in, there will be things that many folk dont even consider when they talk about Inflationary prices and there effects. One of the most scary things has to be the rises in costs to the entire World on Fertilisers for Crop Growth. All Farmers need this stuff, whether they grow Wheat or Rice or Potatoes, and Ukraine and Russia are the largest Exporters of the basic items to make Fertiliser. Potash, Nitrates and many other things that constitute the fertiliser makeup all come from the War Zone. 2 Link to comment Share on other sites More sharing options...
worgeordie Posted March 23, 2022 Share Posted March 23, 2022 No wonder nearly everyone's in debt, the ones taking the hit are the ones with a few bob saved up, it's just slowly melting away , regards worgeordie Link to comment Share on other sites More sharing options...
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