Thailand's inflation rate accelerated to a 13-month high in December, exceeding economists' expectations, as state subsidies failed to counter rising food prices.
The consumer price index was up 3.63% last month from December 2011, the Commerce Ministry said on Wednesday - a 13-month high, Bloomberg reported. This compared with a 2.74% increase reported in November. The median estimate of 12 economists according to a Bloomberg financial news survey was 3.22%.
Buildings in Bangkok (EPA photo)
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