9 Jun 2022 Thai Economy KR-ECI fell for the third consecutive month in May as product prices continued to increase while several government relief measures gradually expired คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star In May 2022, a number of the government relief measures, aimed at alleviating the rising cost of living gradually expired. These included the fourth phase of the co-payment scheme and a cap on the diesel fuel price at THB30/liter. As a result, oil companies were allowed to gradually raise their diesel prices, which now stands at about THB34/liter. Meanwhile, the government introduced ten relief measures to help low-income earners cope with the high cost of living as product prices kept rising amid increased demand after many countries began opening their borders and economic activity started to return to normalcy. On the back of tight supplies seen in a number of commodities caused by the protracted Russia-Ukraine conflict and the above-mentioned factors, the KR-ECI and 3-month Expected KR-ECI fell for the third consecutive month in May 2022 to 31.2 and 34.0, from the 32.5 and 35.5 reported for April 2022. KResearch also conducted an additional survey on households’ views towards the government measures, aimed at easing the impact of elevated product prices (namely the fourth phase of the co-payment scheme and the new ten relief measures to ease the rising cost of living). According to the findings, 26.0 percent of the households surveyed were of the view that such measures could help address related problems and reduce their expenditures somewhat. However, 35.1 percent of the respondents viewed that such measures only help specific groups while 24.5 percent viewed that they could not access several relief measures due to the conditions of such measures. Additionally, 32.2 percent of the respondents would like the government to introduce new measures that can address various issues in a sustainable manner such as reskilling and upskilling so that they can increase their income. Looking ahead, economic activity and household income are set to improve somewhat as the COVID-19 will become endemic. Nevertheless, the economic outlook and living conditions of households will likely remain fragile amid risks stemming from persistently high product prices. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy KR-ECI Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... 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