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News Forum - Dusit Poll: 83% believe government can’t solve soaring prices


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A new survey by Suan Dusit Rajabhat University finds that most people don’t feel that the government is capable of effectively dealing with the soaring prices of consumer goods with many saying they won’t be able to last 3 months with the current inflation levels. 82.69% of the people polled said they have either no confidence or very little confidence in the government’s ability to resolve the inflation problem. The Suan Dusit Poll was conducted from January 24 to January 27 and interviewed 1,383 people across all locations, ages, occupations and educational backgrounds and asked people about their opinions and […]

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21 minutes ago, Thaiger said:

82.69% of the people polled said they have either no confidence or very little confidence in the government’s ability to resolve the inflation problem.

The other 17.31% were having the hospitals checking their brain scans to see if there was still any brain activity. 

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Lots of economics analysts predicting that after years of rapidly growing the money supply by quantitive easing we are heading into a period of high inflation. Food prices have already been rising worldwide for a while now. 

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They blame anything except there poor planing at the beginning of the first lockdown the demand was down so they start produce lest thai can not look ahead the flu came at a bad moment but its here almost every year but if this happen again in 10 year or so it will be the same they  are not dumb people they just have no intrest to learn 

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17 hours ago, Thaiger said:

. 82.69% of the people polled said they have either no confidence or very little confidence in the government’s ability to resolve the inflation problem.

The biggest problem is the inflation of daft government officials.

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17 hours ago, DWiener said:

Lots of economics analysts predicting that after years of rapidly growing the money supply by quantitive easing we are heading into a period of high inflation. Food prices have already been rising worldwide for a while now. 

Combine that with a 4 fold increase in shipping costs and WW logistics in total disarray due to staff illness and lockdowns.

33 minutes ago, DoUKnowWhoIAm said:

The biggest problem is the inflation of daft government officials.

An example of which is playing out right now with Chinese cabbage imports @ 1 baht per kg.  You may think that's anti-inflationary but with produce arriving on the new rail link they are destroying local Thai production which may cost Thailand dearly in the long term if allowed to continue.

Mae Hong Son farmers are leaving cabbage crops to rot in their fields as a result.

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Thai REAL cost of living increases over the last 2 months have been very high, and I think government figures are subject to a reporting lag, So when we see an inflation rate of 2.71% in December '21, the figures haven't yet caught up with a gasoline price increase in the last year of 40%+, and the (yet-to-be-applied) household electricity prices by nearly 5%, let alone what we're seeing in increases in the supermarket prices of foods (e.g. pork).

The government's "control" over rising prices shouldn't be through price-fixing on, say, diesel. That's the policy of a bunch of King Cnuts! It has to be through monetary policy, and that means ceasing to artificially hold Bank of Thailand lending rates as low as they are currently.

Their big fear? Well, along with Malaysia, Thailand has domestic borrowing as % of GDP at rates higher than many G20 countries, and, after 2 years of pandemic, businesses are borrowed up to the hilt. So, I'd guess that allowing the wholesale money markets to dictate higher rates raises the spectre of large-scale defaults.

 

Bit of a double-edged sword.

 

https://tradingeconomics.com/country-list/inflation-rate?continent=asia

https://tradingeconomics.com/country-list/households-debt-to-gdp

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