Higher costs likely to push up goods prices this quarter, BOT survey finds

Both manufacturing and nonmanufacturing operators will likely raise product prices this quarter given higher costs, particularly for wages, according to a Bank of Thailand survey on business sentiment.

More than 600 operators responded to the monthly survey, which corresponded with the BOT's findings from visits to businesses. These included manufacturers and distributors of construction materials, property developers and contractors.

Some businesses, such as makers of office furniture and sportswear producers, can increase prices when new models are introduced. However, operators are reluctant to raise prices too sharply because of high competition.

The Nation