10 May 2022 Thai Economy April KR-ECI has remained low for two straight months amid elevated goods prices. Economic and living conditions of households are still fragile after the government scrapped subsidies for several necessities such as fuels and cooking gas คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star A survey on economic and living conditions of Thai households in April 2022 shows that they were still concerned about elevated goods prices. The KR-ECI and 3-month Expected KR-ECI for April 2022 fell to 32.5 and 35.5, from the 33.4 and 36.1 reported in March 2022. Having considered components of the KR-ECI, it was found households were increasingly worried about “food and beverage prices”, “energy costs” and “utility expenses“ after the government scrapped the cooking gas subsidy and allowed the price to gradually rise. The cap on diesel fuel price at THB30/liter was lifted in May 2022, and its price will gradually increase thereafter, as well. The fourth phase of the co-payment program also expired in April 2022. Another survey conducted by KResearch on how households cope with the rising cost of living shows that a majority of the respondents (29.9 percent) intended to buy smaller packages of consumer goods or switch to new brands that are cheaper. Another survey on the impact of the expiration of the fourth phase of the co-payment program on household expenditures shows that over 40 percent of the respondents intended to cut their spending because they may be able to buy fewer goods with the same amount of cash. This suggests that the expected decline in household spending will affect the economic recovery and employment, going forward. It is expected that higher goods prices will continue to pressure the KR-ECI at least until the end of 1H22 although this will largely depend on global energy prices and the transfer of costs to consumers after the government relief measures or subsidies/financial assistance measures will gradually expire. KResearch is of the view that while household income and employment have yet to fully recover and goods prices are set to increase further amid fragile economic and living conditions due to hefty household debts, the government may need to implement new assistance measures to help sustain income or ease the high cost of living. 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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