Higher income for farmers in the first eight months of this year is one of the key factors contributing to the growth in domestic consumption, according to the Fiscal Policy Office (FPO).
FPO adviser Wuttipong Jittungsakul said farmers' income during the period expanded by 7.1% year-on-year, compared with year-on-year growth of only 0.3% for all of 2021.
Real farmers' income in August alone expanded by 9.7% year-on-year, representing continued growth from earlier in 2022, he said.
