Inflation set to return soon

TUESDAY, JUNE 02, 2015
Inflation set to return soon

ALTHOUGH INFLATION in May dipped to its deepest level in 68 months, the Consumer Price Index is expected to bounce back on rising global crude-oil prices, according to the Commerce Ministry.

The CPI for May contracted by 1.27 per cent from a year ago, but expanded slightly, by 0.17 per cent, from April, showing that inflation has been bottoming out and should start climbing back in the following months. 
Inflation fell last month on lower domestic oil prices and lower electricity bills. The fuel adjustment charge for the May-August period was trimmed by 9.35 satang per unit.