Minimum wage increase of 400 baht, OAE says it will affect inflation by only 0.15-0.30%

Minimum wage increase of 400 baht, OAE says it will affect inflation by only 0.15-0.30%

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Mr. Poonpong Naiyanapakorn, Director of the Office of Trade Policy and Strategy (OTPS), said that the OTPS has analyzed the impact of the minimum wage increase on the general inflation rate after the Royal Gazette published the announcement of the Wage Committee to adjust the minimum wage rate, effective from 1 January 2025, which is divided into 17 rates, increasing at a rate of 7 - 55 baht per day (average 2.9%), with the highest rate being 400 baht per day and the lowest rate being 337 baht per day.

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