Inflation eases in November

ECONOMY

Published: 4 Dec 2012 at 00.00
Newspaper section: Business

Inflation slowed for a second month in November thanks to energy subsidy and easing food prices, particularly for vegetables and fruits, as the harvest season began.

The consumer price index rose 2.74% year-on-year last month, compared with the increases of 3.32% in October and 3.38% in September.Higher prices last month were mainly due to non-food products, which gained 3.27% year-on-year. The prices of food and drinks also picked up 1.92% on-year.

After an unexpected cut in October, the Bank of Thailand last Wednesday kept the policy interest rate steady, citing strong local demand and an improving global economy.

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boons
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Discussion 1 : 04 Dec 2012 at 03.411
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Inflation minus energy went UP last month. So without the artificial energy subsidy (which represents a net cost to government) there was a net increase in the rate of inflation last month.

When government expends resources to reduce inflation, it is by definition a short term adjustment. Make no mistake: Inflation did *not* ease last month. This is a statistical blip which was consciously engineered with an unsustainable energy subsidy.
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Inflation eases in November | Bangkok Post: business