2023-11-07 05:50:31
A government spokesperson explained that Thailand’s inflation in October 2023 decreased by 0.31 percent, the first decrease in 25 months, as a result of the government aiming to reduce the cost of living. Alleviate suffering for the people Emphasizing that the government hastened to move forward to fully revive the Thai economy.
Today (7 Nov. 2023) Veterinarian Chai Watcharong, spokesman for the Prime Minister’s Office, revealed that according to the Ministry of Commerce By the Office of Trade Policy and Strategy The general consumer price index has been revealed. Or Thai inflation in October 2023 was equal to 107.72 compared to October 2022 at 108.06, resulting in the general inflation rate decreasing by 0.31 percent, which was the first decrease in 25 months. As for the overall consumer confidence index, October 2023 increased to 55.8 from 55.7 in the previous month. This is the third consecutive month of rising and has been in the confidence range for the 11th consecutive month since December 2022, with the current consumer confidence index rising. Meanwhile, the future consumer confidence index (next 3 months) has decreased but is still within the confidence range.
with the inflation rate decreasing It is a result of the government’s policy implementation through various measures aimed at reducing the cost of living and alleviating the suffering of the people. which in terms of daily living expenses Many products have been reduced. This is due to the government sector’s reduction in electricity and oil prices. Last October To relieve immediate suffering Before the government drives the economy once more But the general consumer price index decreased. It also reflects the overall weak economic situation. Consumers still lack sufficient purchasing power and liquidity. Demand is low Unable to induce additional production and employment A situation of low negative inflation and low economic growth. Capacity utilization rate It will lead to deflation and prolonged unemployment. If we do not accelerate the use of loose monetary and fiscal policies to stimulate the economy.
“This low inflation It is the result of problems that were passed on from before this government came to run the country. It is considered a clear economic signal that Why does this government want to inject large amounts of new money into restoring the vitality of the Thai economy? to return to operating the machine once more In order to be ready to receive the various economic recovery measures that this government is initiating and accelerating at full speed right now,” said Veterinarian Chai.
A spokesman for the Prime Minister’s Office also said that For the overall consumer confidence index that increased in October. comes from the Thai economy that continues to recover both from the tourism sector and Thai exports that have expanded for 2 consecutive months, especially the prices of important agricultural products. Both paddy rice, cassava and rubber have increased in price. Resulting in farmers’ income and the average wage is at a good level Sending domestic demand to improve. From the concrete drive of the government’s Quick Win policy. As for the general inflation trend in November 2023, it is expected that it will decrease slightly compared to November 2022 according to the prices of products in the food group (meat, cooking ingredients) and the energy group (electricity, fuel), including consumer products necessary for living. Many life items and reduced production costs from government assistance measures It contributes to the trend of inflation decreasing.
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