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Bangkok Post
Bangkok Post
Business

REVEALED: Demystifying sticky thai goods prices | Vintage Vibes

A vendor sells fresh produce at a fresh market in Bangkok.

Thailand may be unique in handling the domestic prices of products and services. Whenever manufacturers and business operators shoulder higher production costs and ask state units for permission to raise their prices, the Internal Trade Department always rushes to call a joint meeting with them.

Most of the time, the manufacturers and operators come to an "agreement" to maintain prices while authorities monitor the market.

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