In the next five years, Thailand faces crucial economic decisions. With forecasts suggesting growth from government stimulus and tourism, while warning of structural weaknesses and external pressures, Thailand is navigating a path full of opportunities and hurdles. The focus is on essential reforms and strategic investments that will shape the country's future.
As complaints about rising electricity bills mount in Thailand, major political parties vow to significantly reduce energy bills. Some parties even explain how they want to do this.
Analysis and calculation of inflation in Thailand
When asked what the real situation is with inflation and the increase in costs, the following research from a reader is interesting. 8 years ago, in 2015, he started keeping an Excel file in which all expenses made in Thailand were registered.
The Energy Policy Administration Commission (EPAC) has announced that the price of liquefied petroleum gas (LPG), which is used for cooking in homes, will gradually increase over the next three months.
Are prices also rising so enormously in Thailand?
Soon my wife and I will be going to Thailand for several years. We wonder how things are going in Thailand with the price increases? We need petrol for our car, electricity for the air conditioners, bottled gas for baking and cooking, we go to the Makro, Big C and Lotus to do our shopping, occasionally treat the family to a dinner out, a drink before bedtime.
BoT adjusts inflation rise in Thailand to 4,9%
The Bank of Thailand (BoT) has significantly revised its inflation forecast for this year from 1,7% to 4,9%. This is due to the increase in energy and food prices attributed to the consequences of the war between Russia and Ukraine.
'Minimum daily wage possible at the end of this year to 492 baht to compensate for rising living costs'
The National Wage Committee is expected to come up with a proposal to increase the daily minimum wage due to the rising cost of living in Thailand.
Reader submission: Wouter Koolmees D66: AOW pensioners have sufficient purchasing power!
The NOS posted on Tuesday that Rutte III does not intend to raise the minimum wage. In 2019, the SP and 50Plus had pushed for such an increase, which was later joined by the PvdA. But it was mainly the FNV that said it wanted to make a case for a minimum wage of up to € 14 per hour.
Many people complain on Thailand blog that Thailand has become so expensive, but is that really the case?. Yes, the baht is strong against the Euro and you could also say that the Euro is no longer a strong currency. So to say that Thailand has become expensive is not correct in my opinion. Another important point is the inflation rate in Thailand and that is not too bad, it is usually less than 1%. What do others think about that?
Winter in Isan (3)
In the yard of poa Keim, a lot of people are sitting among the traditional rubbish. But strangely enough no food or drink on the stone table and little enthusiasm. There is a somewhat strange atmosphere, hardly any cheerfulness in the conversations. Stranger still, there are a few net bags ready, along with a bunch of plastic bags containing traditional Isan foods. Dried pork, some kind of vegetables, glutinous rice. Son Aek is going to leave the village, along with his friends Aun and Jaran.
Isan experiences (8)
The village seems deserted. Lonely streets, no movement, even the ubiquitous dogs do not show themselves. The fields around are empty, no people at work, just a few buffaloes wagging lazily in the shade of a lone tree.
'Good heavens Thailand has become expensive!'
A friend of mine is currently on vacation in Thailand for two weeks. The last time he visited the 'Land of Smiles' was about two years ago. What strikes him most is that Thailand has become very expensive in his eyes: “I am more and more often at the ATM”.
Consumer prices in Thailand significantly higher
In November, the consumer price index in Thailand rose by 0,6 percent. That is the highest percentage in 23 months. Especially fresh vegetables, meat, oil, tobacco products and alcoholic beverages became more expensive.
Consumer prices in Thailand are rising, but inflation remains in line. According to the Bank of Thailand, the rise in consumer prices in May is mainly due to the price increases of petrol and food. In April they went up for the first time after seventeen months.
The value of the pension decreases for another 10 years
The civil servants' pension fund ABP and the pension fund Zorg en Welzijn say that they will not be able to index their pensions for the next ten years. This means that pensions will not grow in line with inflation, as a result of which the pension for pensioners will be worth less and that working people will accrue less pension.
Reader question: My girlfriend asks for more money because everything has become so expensive in Thailand, is that right?
I live in Thailand part of the year, for the rest I travel for work. I transfer money monthly for my Thai girlfriend and her son who live in my house in Bangkok.
Inflation Thailand highest in 14 months
Inflation in Thailand is rising rapidly, in May it was even the highest in 14 months. Food and drink in particular became more expensive.