The Thai Retailers Association (TRA) expressed concern about inflation after the Retail Sentiment Index (RSI) in Thailand showed no significant progress in August.
Thai Retailers Association and the Bank of Thailand revealed the survey of the Retail Sentiment Index for August 2022 on Friday, September 9th, that the Retail Sentiment Index (RSI) in August is at a stable rate with July’s Index. The survey reported that although more consumers began to spend money and live like the pre-pandemic period, a number of entrepreneurs are still concerned about inflation due to the higher tendency of interest rates and the increase of the minimum wage by 5-8 percent which could affect the cost of entrepreneurs.
The index also indicated that the confidence of entrepreneurs may only show a slight improvement in the next three months as business is still recovering and the operators are still concerned about the rising cost and price of products.