Thailand freezes prices of 46 products for another year

[snoop1130]

 

The Central Committee on the Price of Goods and Services has decided to freeze the prices of 46 items, including instant noodles, vegetable oil, canned food and five services, until the end of June next year, according to Commerce Minister Jurin Laksanawisit.

 

Price controls on these goods and services were due to expire at the end of this month.

 

The minister said today (Thursday) that price controls are necessary in the wake of a rise in the prices of food and numerous consumer products, due to a steady increase in energy prices.

 

Full Story: https://www.thaipbsworld.com/thailand-freezes-prices-of-46-products-for-another-year/

 

-- © Copyright Thai PBS 2022-06-16

 

- Cigna 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.

 

Easiest way to own or rent a car in Thailand - click here to find out more!

[blazes]

I see no reference to wine, a commodity without which one's life is sadly reduced....

[CartagenaWarlock]

7 minutes ago, blazes said:

I see no reference to wine, a commodity without which one's life is sadly reduced....

Most thais don't drink wine. Question is did they freeze SangSom prices?

[Isaan sailor]

How about freezing diesel prices?  It’s how those instant noodles, vegetable oils and canned items get to markets, right?

[FriendlyFarang]

33 minutes ago, Isaan sailor said:

How about freezing diesel prices?  It’s how those instant noodles, vegetable oils and canned items get to markets, right?

Currently diesel is subsidized already.

Freezing the prices of the products is more effective, the subsidization of diesel might just be turned into more profit by the companies.

[IAMHERE]

Price controls will affect supply.

[stoner]

no mention of bar fines or st. inflation is killing me. 

 

[Excel]

20 minutes ago, stoner said:

no mention of bar fines or st. inflation is killing me. 

 

Inflation is a phenomena that everybody is aware of especially with Thai females. Once upon a time the average was 32A,  then they became 34 C but nowadays its anyone's guess ????

[LennyW]

1 hour ago, CartagenaWarlock said:

Most thais don't drink wine. Question is did they freeze SangSom prices?

I guess you dont know most Thais then!

[jacko45k]

Just now, LennyW said:

I guess you dont know most Thais then!

Just my Mrs in my case..... and I think that is purely because she heard of the health benefits of a glass in the evening... and the fact that I buy it, so she doesn't drink my beer.  

[CartagenaWarlock]

1 hour ago, LennyW said:

I guess you dont know most Thais then!

I only know 10% of the Thai population drinks wine and that represents only a meagre 3% of the alcohol beverage market.

[Bangkok Barry]

The list includes pork and chicken. But those prices have already increased by up to 100% in recent months.

[Muhendis]

"Among such products are corrugated, craft and printing paper, bicycle and car tires, motorcycles and trucks, water pumps, fertiliser, chicken, chicken eggs durian, powdered milk and milk products, wheat flour, pork, canned food, student uniforms, vegetable oil, medicines, cement, steel rods, iron sheets and structural steel, shampoo, sanitary paper, sanitary napkins, detergent, dish washing products, diapers, soap, farm trucks, pesticides, harvest machinery, animal feeds and more."

 

If these prices are to be frozen for another year, the implication is they are already frozen.

 

That being the case, how come fertiliser prices, for example, have more than doubled?

 

[david555]

11 minutes ago, Bangkok Barry said:

The list includes pork and chicken. But those prices have already increased by up to 100% in recent months.

Lotus chicken price is dancing around the 100 baht ....little up or down on it  ????..., but he bulk amount on ice tables is now much smaller as it  seems sales are reduced because this pricing 

[FriendlyFarang]

17 minutes ago, david555 said:

Lotus chicken price is dancing around the 100 baht ....little up or down on it  ????..., but he bulk amount on ice tables is now much smaller as it  seems sales are reduced because this pricing 

I regularly buy this: https://www.makroclick.com/th/products/123147-aro-frozen-chicken-breast-without-skin-2-kg/

Price now 219THB, last year I paid 149THB if I remember correctly.

[Bangkok Barry]

35 minutes ago, david555 said:

Lotus chicken price is dancing around the 100 baht ....little up or down on it  ????..., but he bulk amount on ice tables is now much smaller as it  seems sales are reduced because this pricing 

Used to be around 60, depending on what part you buy. One item that has gone up enormously is the carcass, which we buy and deep fry for the dogs. I have no idea what Thais use them for. Was 18 per kilo and now around 32. Pork leapt in price around six months ago, reportedly because much of the stock was sold to China as their livestock was decimated by some disease or other, and what goes up rarely comes down.

[vandeventer]

This is a good move, the freeze on the 46 products will help low wage Thais very much. Most Thais have not had a wage rise or a cost of living increase in years.

[Troy Tempest]

3 hours ago, Excel said:

Inflation is a phenomena that everybody is aware of especially with Thai females. Once upon a time the average was 32A,  then they became 34 C but nowadays its anyone's guess ????

Depends on the Hospital, Surgeon and Price!

 

My GF has double inflation.....But she paid...Not me!

 

[Enzian]

Price controls should be applied very carefully; the law of unintended consequences will always kick in, even on relatively modest restrictions. I saw what rent control did to the housing stock in the Bay Area in the 80s, and it's still going on.

[fusion58]

My goodness! Suggest doing something like this in the U.S., and you’ll be decried as a Marxist.

[WinterGael]

9 hours ago, LennyW said:

I guess you dont know most Thais then!

I've yet to see Thais drinking wine except when a woman or two may see it as "fashionable."  Beer and whiskey (excuse me, rum) are the go to.

[sammieuk1]

The bad news is gas and electricity price rises means that you have to eat it raw ????

[zig]

8 hours ago, Bangkok Barry said:

The list includes pork and chicken. But those prices have already increased by up to 100% in recent months.

Indeed, prices of some other items in the list have increased too. And the article says that it is an extension of an existing freeze for one more year. It would seem that this is just a populistic announcement that is not being enforced in any way. 

[AnotherFarang8]

Unless the economic laws have changed amid all the world madness since coronavirus started in 2020, price freezes have always led to shortages over entire recorded history of mankind.

[sqwakvfr]

12 hours ago, blazes said:

I see no reference to wine, a commodity without which one's life is sadly reduced....

I agree.  Cheapest wine I could find today was 375(Australian), I was considering a bottle of Coppola Vineyards(California) red but at 1400 baht a bottle I had settle for the cheaper stuff.  A glass wine with anything makes for a great day.  

[roquefort]

The Central Committee on the Price of Goods and Services  - I thought I was reading a piece about communist China.

 

Why can't any of our rulers understand that prices are determined by supply and demand, not government edict.  Their net zero agenda demonised the oil producers, so supply dried up and guess what.......prices started rising (long before the war in Ukraine, which they're all now desperately trying to blame to deflect attention from their own disastrous policies.).

 

All "freezing prices" will do is destroy supply and lead to shortages, so they'll eventually have to subsidise the producers to produce more. Economics 101, but still beyond our clueless world leaders.