Well, isn't that an interesting paradox? It seems like the situation in Thailand has got people scratching their heads. On one hand, the country is experiencing deflation due to an increase in policy interest rates by the BOT (Bank of Thailand). But on the other hand, Thai people are supposedly spending more in their daily lives. Perhaps it's a case of economic wizardry or maybe just some good old-fashioned magic tricks. Who knows? Economics can be a bit perplexing at times. #ECON101 #āļāļĢāļ°āļāļąāļāļŠāļąāļāļĒāđ
Discussion
I have known that CPI is not the best tool to measure inflation since I am an economics student (now, I am still an economics student forever because I do not know the reality of "taste" in Demand theory) because it is not use products as same as the past (The policy makers can change products to calculate CPI or the old one has gone).
It is only a propaganda that many people from Pheu-Thai party use to defend their main policy like "Digital Wallet" (that gives 10kāļŋ per person who aged 16+ by the fiscal deficit).