The Royal Thai Embassy is worried about rising oil prices and rising inflation.

economy

April 23, 2022 – 08:44

The president of the Royal Thai Embassy is worried about rising oil prices, spurring high inflation, adjusting 15% to reflect the cost of borrowing more money to stimulate the economy.

Mr. Kriengkrai Thiannukul, chairman of the Federation of Thai Industries or FTI, said he was worried and worried about inflation, energy prices and rising commodity prices. after the measures to freeze diesel prices expired at the end of April The price of diesel will increase to 35.50 baht per liter, the market may be shocked. And resulting in the transportation cost that will immediately rise 15-20 percent, causing the product price to rise another 10-15 percent. By this time, most of the old stock products are almost exhausted. And in May, production is expected to be a stock of all new costs, product prices may be higher.

However, people’s purchasing power is still very weak at present. Therefore, the government should consider borrowing an additional 1.3 trillion baht to prepare measures such as half-person phase 5 and oil price fixing. to slow down the price increase It also reiterated that the government should consider the full opening of the country to foreign tourists. Because 5-6 million tourists are already preparing to enter the country. This will result in having 500 billion baht of money entering the economy that can support the economy at the end of the year.