ID :
198477
Mon, 08/01/2011 - 11:53
Auther :
Shortlink :
http://m.oananews.org//node/198477
The shortlink copeid
Thailand's inflation likely to remain in track in 2011
BANGKOK, August 1 (TNA) - The Thai Ministry of Commerce projected on Monday that the country's inflation rate is likely to hover around 3.2-3.7 per cent on average this year, as earlier officially-targeted, despite new populist economic stimulus policies of the incoming Pheu Thai Party-led government.
Permanent Secretary for Commerce Yanyong Puangraj said that Thailand's consumer price index (CPI), the main gauge of inflation, stood at the 112.74 level last month, a 4.08 per cent year-on-year increase, while the country's average inflation during the first seven months of this year was recorded at a 3.64 per cent year-on-year growth.
Yanyong acknowledged that the rising costs of living, caused mainly by increased power and key consumer products' prices, were behind the country's inflation rate growth.
The senior Thai official insisted, however, that the country's average inflation rate this year is expected to remain at around 3.2-3.7 per cent as earlier targeted, noting that the stronger Thai baht will limit imported oil and other raw materials prices and will, therefore, offset impacts from the new government's wage hike and other populist policies. (TNA)
Permanent Secretary for Commerce Yanyong Puangraj said that Thailand's consumer price index (CPI), the main gauge of inflation, stood at the 112.74 level last month, a 4.08 per cent year-on-year increase, while the country's average inflation during the first seven months of this year was recorded at a 3.64 per cent year-on-year growth.
Yanyong acknowledged that the rising costs of living, caused mainly by increased power and key consumer products' prices, were behind the country's inflation rate growth.
The senior Thai official insisted, however, that the country's average inflation rate this year is expected to remain at around 3.2-3.7 per cent as earlier targeted, noting that the stronger Thai baht will limit imported oil and other raw materials prices and will, therefore, offset impacts from the new government's wage hike and other populist policies. (TNA)
