ID :
179336
Mon, 05/02/2011 - 13:14
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http://m.oananews.org//node/179336
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Thailand's inflation rose by 4.04% in April
BANGKOK, May 2 (TNA) - Yanyong Phuangraj, permanent secretary of the Commerce Ministry, said the consumer price index stood at 112.01 in April this year, rising by 4.04% from the same period last year.
Yanyong attributed it to the rising prices of products, especially the seasonal increases in the prices of fresh vegetables and fruits. The growing index resulted mainly from the prices of foods and beverages which climbed up by 8.59%, the prices of vegetables and fruits that increased by 6.49%, the prices of ready-to-eat foods that were 2.58% up, the prices of meat that grew by 8.86% and the chicken egg prices that rose by 11.62%.
The permanent secretary for commerce said that inflation moved in accordance with economic conditions, government measures on the cost of living and the product price control of the Commerce Ministry. If the prices of agricultural products tend to rise further, the government will promote exports to increase farmers’ incomes.
Yanyong believes that inflation will be 3.45% in the second quarter of this year and 3.2-3.7% throughout this year, given that the crude price in Dubai stays between 78-88 US dollars per barrel, the exchange rate ranges from 28 to 33 baht per US dollar and the government extends its measures to help reduce people’s cost of living.
He noted that risks factors are the prolonged high prices of oil in global markets, the increasing supply of agricultural products worldwide and the rising interest rates that increase the costs of all products. (TNA)
Yanyong attributed it to the rising prices of products, especially the seasonal increases in the prices of fresh vegetables and fruits. The growing index resulted mainly from the prices of foods and beverages which climbed up by 8.59%, the prices of vegetables and fruits that increased by 6.49%, the prices of ready-to-eat foods that were 2.58% up, the prices of meat that grew by 8.86% and the chicken egg prices that rose by 11.62%.
The permanent secretary for commerce said that inflation moved in accordance with economic conditions, government measures on the cost of living and the product price control of the Commerce Ministry. If the prices of agricultural products tend to rise further, the government will promote exports to increase farmers’ incomes.
Yanyong believes that inflation will be 3.45% in the second quarter of this year and 3.2-3.7% throughout this year, given that the crude price in Dubai stays between 78-88 US dollars per barrel, the exchange rate ranges from 28 to 33 baht per US dollar and the government extends its measures to help reduce people’s cost of living.
He noted that risks factors are the prolonged high prices of oil in global markets, the increasing supply of agricultural products worldwide and the rising interest rates that increase the costs of all products. (TNA)
