'You cannot survive': Inflation bites as Thai election looms

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More targeted policy measures needed for lower-income households, say experts. Read more at straitstimes.com.

BANGKOK - Sheltering from rain near Bangkok's Grand Palace, scores of unemployed Thais queue alongside homeless people waiting for free meals as 14-year-high inflation sends living costs soaring, causing a headache for the government ahead of a looming general election.

And in a move seen as symbolic of the severity of the situation but likely to cause more pain for consumers, the government recently raised the price of instant noodles for the first time in more than a decade after manufacturers agitated for a rise."A few years ago, I was able to afford buying my own food but now food is too expensive," said Mr Somchai, who only gave one name, and who is unemployed.

Adding to PPRP's woes, Mr Prayut was suspended from office in August while the Constitutional Court decides whether he has reached his term limit as prime minister.raise the daily minimum wageBut political analyst Napisa Waitoolkiat at Naresuan University told AFP the measures were taken"for winning votes" but doubted they would turn many voters around.The government recently raised the price of instant noodles for the first time in more than a decade.

"You will see that even the GDP growth rate of Thailand is the slowest in the region," Prof Pavida said. "I used to come down here and buy lunch like this daily, but lately, I just couldn't afford to buy from stalls every day anymore," said the 34-year-old.

 

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