Consumer product price rises, he noted, tend to be protracted and can trigger a chain reaction. He estimated the pork price fiasco might take as long as 18 months to solve, far outlasting the funds made available. Water and power bills should be subsidised for at least six months to ease the financial burden on people, he said. Citing a previous pork price spike in the US, he said the problem was alleviated after all sides in the supply chain came together for talks. Subsequently, pork prices dropped by 15-20% and other meats by 2%.

Source: Bangkok Post January 25, 2022 03:32 UTC