Ministry sees inflation at 1.5-2% amid recovering economy
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The Commerce Ministry foresees inflation in Thailand coming in at between 1.5 per cent and 2 per cent this year, higher than last year’s average of 0.19 per cent.
The ministry reported Wednesday that the Consumer Price Index in December had increased 1.13 per cent year on year – the highest level in 25 months – while rising 0.13 per cent compared with the previous month.
The year-on-year increase was due mainly to the price of oil being 12.21 per cent higher than in December 2015, as well as price rises for some foods.
