ID :
155888
Tue, 01/04/2011 - 17:37
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Shortlink :
http://m.oananews.org//node/155888
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Thailand's inflation projected at 3.2-3.7 pct in 2011
BANGKOK, Jan 4 (TNA) - Thailand's Ministry of Commerce projected Tuesday (Jan 4) that the country's inflation in 2011 would be around 3.2-3.7 per cent--on the backdrop of last year's inflation rate at 3.3 per cent on average.
Yanyong Puangraj, Permanent Secretary for Commerce, said Thailand's consumer price index (CPI), the gauge of general inflation, grew by 3 per cent year-on-year in December 2010 and by 0.16 per cent from a month earlier--which were both optimal for maintaining the stable Thai economy.
Yanyong reported that inflation in the fourth quarter of last year grew by 2.8 per cent year-on-year, resulting in Thailand's average inflation rate in 2010 standing at 3.3 per cent.
The top Commerce Ministry official insisted that Thailand's general inflation should be around 3.2-3.7 per cent on average this year--based on assumptions that world Dubai crude oil prices should be around 78–88 US dollars a barrel and the Thai currency around 28–33 baht against the US dollar, and that the Thai government will maintain its welfare measures to ease local consumers' burden on their rising costs of living.
Regarding a request by local palm oil suppliers for a retail price rise by 6-9 baht a battle, Yanyong said that the issue is being studied by an official sub-committee in charge of assessing local palm oil prices. (TNA)
Yanyong Puangraj, Permanent Secretary for Commerce, said Thailand's consumer price index (CPI), the gauge of general inflation, grew by 3 per cent year-on-year in December 2010 and by 0.16 per cent from a month earlier--which were both optimal for maintaining the stable Thai economy.
Yanyong reported that inflation in the fourth quarter of last year grew by 2.8 per cent year-on-year, resulting in Thailand's average inflation rate in 2010 standing at 3.3 per cent.
The top Commerce Ministry official insisted that Thailand's general inflation should be around 3.2-3.7 per cent on average this year--based on assumptions that world Dubai crude oil prices should be around 78–88 US dollars a barrel and the Thai currency around 28–33 baht against the US dollar, and that the Thai government will maintain its welfare measures to ease local consumers' burden on their rising costs of living.
Regarding a request by local palm oil suppliers for a retail price rise by 6-9 baht a battle, Yanyong said that the issue is being studied by an official sub-committee in charge of assessing local palm oil prices. (TNA)
