Thailand’s government has sharply raised the price of the popular variety of noodles. In the face of high production costs, the noodle manufacturers in the country had approached the government demanding a price hike. As a solution to this, the price of noodles has been increased. It is after 14 years that the prices of everyday items including noodles have increased in Thailand.
The background of Russia-Ukraine war had severely affected the country’s economy. These are affected by the substance of food items. Apart from the war, Thailand was also adversely affected by floods and droughts. The Thai government revised the price amid this uncertainty. Revised rates of noodles will be effective from today.
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Apart from Thailand, countries like Japan and South Korea have increased the price of noodles. This time around, inflation in Thailand is at a 14-year high.