BANGKOK, 18 March 2012 (NNT) – The government of Thailand is set to launch a special project to tackle the problem of rising goods prices across the country.
Prime Minister Yingluck Shinawatra, in her weekly TV show “Government Meets the People” on Saturday, unveiled the government’s steps to solve the much criticized high cost of living.
The PM insisted that, compared with data from the fourth quarter of 2012, the current prices of goods are considered cheaper.
The Premier went on to explain that goods price rise has been chiefly attributed by last year’s severe flooding that caused disruption at various factories and shortages of many items.
However, as production continued to be restored across all flood-hit plants, PM Yingluck is confident that the situation will be back to normal from June.
And in order to help tackle the impact of higher goods prices, the prime minister said the Commerce Ministry is planning to launch a special project, titled “One Blue Flag, One Community” that will enable the public to choose reasonably-priced consumer goods, tentatively before the end of this month.
In addition, PM Yingluck said that the government will try to shoulder the pressure of rising energy prices at least until the middle of this year, while expressing hope that the situation will ease in the second half of 2012.
Read more: NNT