Mon, November 29, 2021

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Thailand’s inflation to hit 1.2%, if economy expands as expected

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Thailand’s inflation rate is expected to hit 1.2 per cent next year, said Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office.

The inflation will be within the range of 0.7 and 1.7 per cent next year assuming the economy expands between 3.5 per cent and 4.5 per cent, the Dubai crude oil price is between US$40 and $50 per barrel and the baht lies between Bt30 and Bt32 per US dollar.

The inflation rate this year has been forecast to contract by 0.87 per cent, she added.

Published : December 04, 2020

By : The Nation