Thailand warns retailers against price hikes amid floods
The Thai government has warned retailers against unjustified price hikes and hoarding essential goods as flooding affects Bangkok and other parts of the country. Businesses that raise prices without justification face up to seven years in prison. Deputy Government Spokesperson Ploythalay Laksamisaengchan announced the warning today, September 27, saying the government was closely monitoring…
The Thai government has issued a stern warning to retailers against raising prices and hoarding essential goods amid ongoing flooding in Bangkok and other regions. Deputy Government Spokesperson Ploythalay Laksamisaengchan announced the directive on September 27, emphasizing that businesses engaging in price gouging could face up to seven years in prison.
The government is actively monitoring the flood situation and coordinating relief efforts to ensure the availability of food, household products, and other daily necessities. Retailers are required to display accurate prices, in line with the Price of Goods and Services Act 1999, which prohibits price increases without justification and unfair practices.
The government will take immediate legal action against offenders. Despite the floods, the public is assured that essential goods remain sufficiently stocked, although transport disruptions have slowed the delivery of supplies to affected areas. The Ministry of Commerce’s Department of Internal Trade is working with businesses to monitor stock levels, increase restocking frequency, and expedite deliveries to high-demand regions. The public can report issues to the Department of Internal Trade hotline at 1569.
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