Inflation forecast cut

CONSUMER PRICES

Published: 2 Oct 2012 at 00.00
Newspaper section: Business

The government lowered its inflation forecast to a range of 3% and 3.4% from the previous 3.3% to 3.8% on the global economic slowdown and the general success of government price controls.

On her first day in office yesterday, Vatchari Vimooktayon, the commerce permanent secretary, said makers of consumer products have agreed to extend product price caps, which were due to expire this past Sunday, until year-end.

The newly appointed permanent secretary, who replaced the retiring Yanyong Phuangrach, said makers of other products are unlikely to raise their product prices during the remaining months of this year, which is a high-competition period.

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geoffo
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Discussion 1 : 02 Oct 2012 at 12.121
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One day on the job and the inflation forecast reduces - impressive performance.

Her figures exclude real world factors of food & fuel but anyone who suggests dramatic price increases are not a daily reality here can only be a PTP politician.

How about ABAC polling Bangkok residents only for once and asking if they can they cope.

My electricity bill has risen 60% over last 18 months with the same consumption. Everyone is hurting.
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Inflation forecast cut | Bangkok Post: business