Prices of consumer products to remain stable until mid 2012

BANGKOK, 2 January 2012 -According to the Ministry of Commerce, prices for most commodities will not increase until mid 2012, except for those with imported parts and components.



Commerce Permanent Secretary Mr. Yanyong Puangrat said prices of fresh vegetables, fruits, meat, rice as well as eggs would remain more or less the same in the beginning of this year, thanks to their ample supplies and stable fuel prices.



Some of the fresh food items are even being offered at lower prices at present. Meanwhile, products from the agro and industrial sectors may come with higher price tags as their components are not locally made and must be imported.



These products include animal feed, insecticides, car batteries, and construction materials such as steel. Manufacturers will be allowed to request for price hikes on the condition that they must prove to the Ministry that they are coping with higher production costs, said the Permanent Secretary.

(NNT : NUPPOL SUVANSOMBUT)

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