‘You cannot survive’: Inflation bites as election looms

'You cannot survive': Inflation bites as election looms
This photo taken on Sept 13, 2022 shows people sheltering from the rain after receiving meals from volunteers from Bangkok Community Help Foundation in Bangkok. (AFP)
This particular photo taken upon Sept 13, 2022 shows people sheltering from the rain after receiving meals through volunteers from Bangkok Community Help Foundation in Bangkok. (AFP)

Sheltering from rain near Bangkok’s Grand Structure, scores of unemployed Thais queue alongside homeless people waiting for free meals as 14-year-high inflation sends living costs soaring — causing a headaches for the government before a looming general election.

The leadership found power eight years back under Prayut Chan-o-cha, promising to provide balance after long-running protests started to hit the kingdom’s economy.

However , it struggled to live up to its pledges as well as the damage wrought with the pandemic on the vacation industry has been compounded by a global inflationary crisis that has sent prices rising over and above many people’s achieve.

And a move viewed as symbolic of the severity of the situation yet likely to cause more pain for consumers, the government recently elevated the price of instant noodles for the first time in more than the usual decade after manufacturers agitated for a rise.

For those waiting in the rainfall, the impact is painfully clear.

“A couple of years ago, I was in a position to afford buying my own food but now food is too expensive, ” stated Somchai, who just gave one title, and who is unemployed.

“I couldn’t bear the values so I have to come out and find food donation like this, ” said the 42-year-old after he had collected his meal.

A general election must be called by 03, giving the coalition government led by military-friendly Palang Pracharat Party (PPRP) short amount of time to turn things around.

– Unkept guarantees –

Adding to PPRP’s woes, Gen Prayut was suspended through office last 30 days while the Constitutional Court decides whether he’s reached his phrase limit as best minister.

In a bid to relieve the pain for having difficulties people, the government offers approved a suggestion to raise the day-to-day minimum wage to between 328 and 354 baht after earlier agreeing to increase a fuel tax break.

But political analyst Napisa Waitoolkiat in Naresuan University informed AFP the measures were taken “for winning votes” yet doubted they would turn many voters about.

“The damage is above repair, ” she said.

The economy looks set to be a major factor in the selection, and Ms Napisa said voters would not forget the PPRP’s vows to improve it.

“Yet, once they are in power, they can not keep the promise, ” she said.

This photo taken on Sept 13, 2022 shows volunteers through Bangkok Community Assist Foundation giving out totally free meals in Bangkok. (AFP)

And while the minimum wage walk goes some way, Thammasat University international business professor Pavida Pananond suggested more has been needed.

“What we now need to look at is more targeted policy measures that would help alleviate the difficulty through rising living costs among Thai lower-income households, ” the lady said.

Growth remains slow — just 2 . 5% in the second quarter, dragged simply by high inflation despite the return of foreign visitors after the outbreak shutdowns.

“You will see that even the GDP growth rate of Thailand may be the slowest in the region, ” Ms Pavida mentioned.

– ‘You can not survive’ –

Microsoft Pavida also warned that price goes up, like those of instant noodles, could be a precursor to further hikes in foodstuff.

“For lower-income people, whose majority of revenue is spent on food or energy, they will be even more impacted by this, ” the lady said.

Veerayuth Sae-ung, queueing to buy a noodle lunch in central Bangkok, said his “way of eating is promoting a lot”.

“I used to come down here and buy lunch like this daily, but lately I simply couldn’t afford to purchase from stalls each day anymore, ” the 34-year-old said.

Greg Lange, co-founder of Bangkok Community Help Foundation which distributes five hundred meals a day, warned they were helping a great number of.

“Even in spite of the rainfall, there are some times that the line goes 2 or 3 blocks, ” he or she said.

“I think it had been already very hard for that elderly to make ends meet, ” his co-founder Friso Poldervaart added.

Mister Poldervaart said many of the elderly people they helped had lost touch with their families plus were unable to survive at the government support associated with between 600 and 1, 000 baht a month.

“You cannot endure on that. That is certainly just the way it really is, ” he said.

“So it was already difficult, but of course with increasing prices this just gets harder for everyone to make ends meet. ”