Thai PM orders curb on high consumer product prices

March 17th, 2012 - 5:13 pm ICT by IANS  

Bangkok, March 17 (IANS) Prime Minister Yingluck Shinawatra Saturday ordered authorities to speed up measures to contain high consumer product prices caused by the massive flood last year, Thai News Agency reported.

The premier, on her weekly programme “Yingluck Government Meets the People”, said last year’s flood crisis was the major factor that caused high prices of consumer products, reported Xinhua.

She said consumer goods prices were lower when compared with the same month last year but the flood had forced many factories to halt their operations, while many distribution centres could not deliver the products, eventually causing prices to increase as demand was much higher than the supply.

However, she expressed confidence that the high prices of food and consumer products would return to normal by June this year.

The ministry of commerce and relevant offices would implement measures to ensure that prices of consumer goods were reasonable, particularly those of eggs and palm cooking oil, said the premier.

The prime minister said the government believed the rise of world oil prices would be only short term and would not intervene in domestic oil prices, but measures would be taken to ease the impact on the public.

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