Purchasing power is still weak and the cost of living continues to rise

Purchasing power is still weak and the cost of living continues to rise

The Bank of Thailand points out that consumer purchasing power is still weak. There is a tendency to a constant increase in expenses after the rise in the cost of living. The prices of goods, the cost of delivery – everything continues to grow. In addition, the government's measures to stimulate consumption have not paid off.

The indicator of people's confidence in maintaining the same value of goods in the near future fell to the lowest level since 2008 after an increase in prices for energy and raw materials.

The increase in prices for many items depends on the increased cost of delivery. The state is unable to control the growth of prices for goods. It creates poor conditions for the recovery of retail business, which has been experiencing difficulties since the beginning of COVID-19.

While assessing consumer spending, it was found that consumers tend to spend more than in the previous month. It was partly due to the increase in prices for many major product categories, especially in the category of essential goods.

This situation can negatively affect the real estate market. The market is still weak and has just begun to recover after COVID-19.

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