Thailand inflation at 3.4 per cent in January
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Thailand's inflation for January was 3.38 per cent year-on-year, pushed up by rising food and beverage prices, the Commerce Ministry said Wednesday.
The rate moderated from spikes at the end of 2011 as widespread flooding caused demand to rise. Inflation in December was 3.53 per cent year-on-year and in November and October was 4.19 per cent.
January's consumer price index for food and beverages rose 7.7 per cent year-on-year but was down 0.21 per cent when compared with December prices, Permanent Secretary for Commerce Yanyong Puangrach said.
He predicted 2012 inflation of 3.3 to 3.8 per cent if crude oil prices stayed within the range of 95 to 110 dollars per barrel and the baht currency remained at 29 to 33 baht to the dollar.
The ministry reported 3.81 per cent inflation for 2011.//DPA
