Inflation rises 0.17% in July on higher energy prices
Inflation rose 0.17 per cent in July from the same month a year earlier, said Pimchanok Vonkhorporn, director of the Trade Policy and Strategy Office of the Commerce Ministry.
She said the rise in inflation could be partly attributed to a 0.73 per cent increase in energy prices after gains in global crude oil prices.
For the first seven months of this year, inflation is at 0.6 per cent.
The ministry has maintained its estimate for inflation to be between 0.7 per cent and 1.7 per cent at the end of this year.
This forecast is based on oil prices trading between US$45 and US$55 per barrel and growth in the country’s gross domestic product coming in at between 3 per cent and 4 per cent, Pimchanok said, adding that the forecast factors in the baht at Bt34-36 to the US dollar.
