Inflation in Thailand

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whitedesire
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Inflation in Thailand

Post by whitedesire »

.... just wondered, if this is a problem in Thailand.

On visits, I haven't noticed petrol gone up that much, certainly not at a all time high. Hotels, not really, food, not too sure. Thoughts.

In Malaysia, Marks and Sparks used to sell 4 breaded fish for around RM40 (I will do it local money), but now RM77, outrageous!

What about Thailand? Any examples. As I say, I haven't noticed on my visits.

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Gaybutton
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Re: Inflation in Thailand

Post by Gaybutton »

I've noticed prices going up in grocery stores, but not by very much. I have not spotted any changes in any restaurants I've been to. Thai street food prices have not changed.

Fuel prices have gone up more than anything else I've noticed. Before the Russia-Ukraine conflict it would cost about 900 baht to fill my car. Even from nearly empty it was always less than 1000 baht. Just yesterday I filled the car when the fuel level was down to about ¼ and now it was 1300 baht.

The inflation I've noticed is mainly fuel and grocery store prices. Other than those I have not personally noticed much inflation - at least not yet.

puan
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Re: Inflation in Thailand

Post by puan »

Gas prices have gone up dramatically. Fuel #91 is now at 42.7 baht / liter. Equating to approx $5.02 per gallon.

Utilities costs have also increased. Expected rise during first half of year is 4.6% over same period last year.

In grocery stores, I have noticed "creeping" inflation. That is to say a steady price increase on many items over the last several months. Most significant are the price increases on eggs, chicken, pork, and cooking oil. Also there seems to be an adoption of the "shrinking size" phenomenon found in the west where prices stay the same or increase slightly, but the size decreases. Found in Makro today, a pouch of laundry detergent that I use has increased by about 10 baht AND the pouch size has quietly gone from 3,000 grams to 2,700 grams.

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Gaybutton
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Re: Inflation in Thailand

Post by Gaybutton »

puan wrote:
Fri May 27, 2022 9:19 am
Found in Makro today, a pouch of laundry detergent that I use has increased by about 10 baht AND the pouch size has quietly gone from 3,000 grams to 2,700 grams.
Just like the USA - pay more, get less.

I think you're right about "creeping inflation". Prices go up so gradually that you may not even notice. I have no objection if there are legitimate reasons for price rises, but I wish they were honest about it instead of trying to cleverly sneak it in.

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Re: Inflation in Thailand

Post by Dodger »

I've noticed the same thing in food stores - where the prices on many items seems to be creeping up. Gas, as others have already mentioned, is noticeably higher.

I'm not sure if it's due to inflation or what, but I was looking at booking a resort on Koh Samet for a few nights in June and noticed that the rates have skyrocketed. Places that used to charge 1,200 baht/ngt are now charging over 2,000 baht...ugh!

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Gaybutton
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Re: Inflation in Thailand

Post by Gaybutton »

Dodger wrote:
Fri May 27, 2022 4:45 pm
Places that used to charge 1,200 baht/ngt are now charging over 2,000 baht...ugh!
Maybe since they're hoping for an influx of tourists beginning within the next several days, now it's price gouging time . . .

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Jun
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Re: Inflation in Thailand

Post by Jun »

Gaybutton wrote:
Fri May 27, 2022 6:21 pm
Maybe since they're hoping for an influx of tourists beginning within the next several days, now it's price gouging time . . .
Hotel prices have been heavily discounted for some time. Obviously they need to remove the discounts as fast as the market will bear. However, with China closed off & high oil prices, it's very unlikely that total demand would to return to pre-covid levels any time soon.
I don't see how they could make price rises above pre-covid levels stick.

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Re: Inflation in Thailand

Post by Gaybutton »

Jun wrote:
Fri May 27, 2022 10:20 pm
I don't see how they could make price rises above pre-covid levels stick.
Apparently some hotels are going to try anyway. If that's what they're doing, I think they're making a big mistake.

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