Ready to eat meal price surges in Thailand due to the rise in ingredients

[webfact]

Ready to eat meal price surges due to the rise in ingredients

BANGKOK, 6 Jan 2015 (NNT) - Inspector General of the Ministry of Commerce Somkiat Trirattanapan revealed that prices of ready-to-eat meals are on the rise, while predicting this year’s inflation rate would be in the range of 1.8 - 2.5%.

Mr. Somkiat said last month’s inflation index was at 106.65, a decrease of 0.5% from the previous month and an increase of 0.6% compared to the same period of 2013.

He explained that the rising inflation last month was at a slower rate compared to the previous months due mainly to the fall in petrol prices.

Mr. Somkiat also indicated that prices of pork, chicken, eggs, dairy products, vegetables and fruits are on the decline because of the increasing supplies. However, despite the decreasing prices of the aforementioned products, an increase in prices of other ingredients such as cooking oil, condiments, and cooking gas has subsequently pushed the prices of ready-to-eat meals such as noodles, various snacks, fried rice, hamburger, and etc.

The Inspector General predicted that the inflation in the next couple of months would likely remain rising at a slower pace as the fuel prices still show signs of declining, while indicating that the production cost would start to clampdown.

He expected this year’s inflation rate would be in the range of 1.8 - 2.5% given that Dubai crude moves between 90-110 US Dollars a barrel in 2015.


-- NNT 2015-01-06

[Anthony5]

1.8 - 2.5% a month could be about right.

[BangkokHank]

The rise in the price of hamburgers is sure to wreck the budget of the typical Thai family.

[mrtoad]

99 baht breakfasts are still available

[worgeordie]

The Governments rate of inflation does not relate to

the real rate in shops and on the street,with the Bank

rates lower than inflation ,anyone with cash is at a

disadvantage as their capital is slowly been eroded,

But Governments around the World only seem to

want to offer help to people who have mismanaged

their money and are in debit

regards Worgeordie

[ATF]

Does this mean 99 baht breakfasts will now be 101 baht given 2.5% inflation?

[mrtoad]

Does this mean 99 baht breakfasts will now be 101 baht given 2.5% inflation?

Surely The Champion of 99 Bah breakfasts will enlighten us. He could end up being out of pocket

[Soutpeel]

What's the impact on the MNI (mamma noodle index), which is the measure by which digital nomads use to determine how independently wealthy they are, before deciding to do a visa run/ abusing their Ed visa's or just overstaying

[Pib]

Didn't several govt press releases occur a month or two ago about how the govt had arranged the stabilization of many ready-to-eat meal prices? Guess the govt needs to actually try to stabilize prices versus just releasing press articles talking about doing something. Talk is easy.

[chainarong]

Just goes to show Thailand is balanced like most other continues, the oil price drops the price of something else goes up, we give it here we take it from there, there's always give and take unfortunately the take seems to always win..

[Thai at Heart]

Or a 30 baht plate of rice becomes 30.75 baht.

There must be 500k food stands in bangkok. If the price goes up too much, people change shop.

I wish they were this careful trying to control the price of houses, or cars.

[elgordo38]

The Governments rate of inflation does not relate to

the real rate in shops and on the street,with the Bank

rates lower than inflation ,anyone with cash is at a

disadvantage as their capital is slowly been eroded,

But Governments around the World only seem to

want to offer help to people who have mismanaged

their money and are in debit

regards Worgeordie

Amen. The whole world runs on credit and savers are being marginalized. The mismanagers feed off of us savers and its only getting worse. We are told at the end of the year if we are lucky that inflation is 2% and thus that is all that we should expect as pension increases. I hear the Americans are getting less this year about 1.7% Anyone with half a brain knows that the real inflation rate is 5% or more. Its the same as their fudged unemployment numbers. The stock market suckers are being showered with these false feel good figures and they also are net borrowers of money to sink into the stock market which in reality is the only game in town. When the market turns south as it ultimately will all these margin buyers will be hung out to dry while the big boys are long gone out of the market and collecting more money by shorting the market and gleefully watching it fall. Its a mugs game.

[45slap]

So how much is a long time now?

[peterdarby]

The Governments rate of inflation does not relate to

the real rate in shops and on the street,with the Bank

rates lower than inflation ,anyone with cash is at a

disadvantage as their capital is slowly been eroded,

But Governments around the World only seem to

want to offer help to people who have mismanaged

their money and are in debit

regards Worgeordie

Great news- I'm not disadvantaged!

[Nuddy]

Most countries seem to fudge on the true inflation rate

Australia often quotes a core inflation rate which is different from the quoted inflation rate.

The mind boggles.