BANGKOK, 3 May 2012 -Prime Minister Yingluck Shinawatra insisted that commodity prices have been declining, while assuring people that the government will continue to monitor goods prices and the cost of living for Thai people.
The Prime Minister said prices of household items are now cheaper even though consumers may feel that they remain pricy. Ms. Yingluck explained that they might have felt that prices remain the same because their spending was high particularly last month.
However, the Prime Minister said, the government will continue to keep prices affordable for every one especially those running SME businesses. She added the government wants to make sure that its relief campaign is accessible to all people.
The first few steps taken so far, she said, are wage and salary rises while she was hoping that the cost of living would decrease in the latter half of this year when the supply of necessary goods to the market returns to normal, prompting prices to decline.
Meanwhile, the Prime Minister stressed that the Ministry of Commerce will always check movement of prices in order to prevent vendors from taking advantage of consumers.
