Wednesday, June 20, 2007

Thailand Inflation - Prices to rise in second half


Commerce Minister Krirk-krai Jirapaet yesterday narrowed down the ministry's forecast for full-year inflation from 1.5-2.5 per cent to 2-2.5 per cent.

The ministry predicts inflation in the second half will rise slightly to 2.4 per cent, due to rising oil prices. Inflation was 2.2 per cent in the first five months.

The ministry will focus on many inflation-beating measures, including price monitoring, price controls and fairs selling low-priced goods, to relieve the burden of consumers.

Source: The Nation.

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