Thailand will raise the price of Thai instant noodles, the trade department said Wednesday, marking the first price increase on the must-have daily staple in 14 years.

The kingdom’s economy has not bounced back after fully re-opening to tourists earlier this year, and has been battered by 14-year-high inflation and the economic knock-on effects of the Russian-Ukraine war.

Prices of instant noodles are capped by Bangkok at six baht ($0.16) per packet but anxious major producers had urged the government to raise the limit to eight baht, citing spiralling costs.

The internal trade department confirmed to AFP that it would approve an increase to seven baht per regular-sized packet, effective from August 25.

READ MORE: https://pecohubmedia.com/blog/2022/08/24/thailand-approves-first-instant-noodle-price-rise-in-14-years/

Many daft Nigerians went about burning their towns and cities just after the pandemic.

It was a painful watch.

Far advanced nations are presently reeling from the aftershock of such a period.

Inflation from Europe to Asia to the Americas.

Nigerians are still looking for whom to blame.

Ignorance is bliss.