Inflation hits 13-month high

Published: 2 Jan 2013 at 16.20
Online news: News

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)

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

wyle
Post : 197
Send message

Discussion 3 : 02 Jan 2013 at 17.553
Post this to my Facebook
I believe this is only the beginning of increases to come. Thank you PT.
Like dislike 32 people liked / 5 people disliked this comment
globalcynk
Post : 19
Send message

Discussion 2 : 02 Jan 2013 at 17.352
Post this to my Facebook
The Baht 300 baht daily minimum wage nationwide policy, effective 1 Jan, will have only a minimal impact on inflation - like plus 0.1%, so says Watcharee Wimuktayon. So there must be many companies cashing in on this negligible change in the economy. Example, the price of a security guard for a condo is about 60% more than a year ago. Thailand needs a vocal BS-proof consumer watchdog that hunts down the truth with a fearless vengence.
Like dislike 25 people liked / 4 people disliked this comment
genii
Post : 753
Send message

Discussion 1 : 02 Jan 2013 at 17.291
Post this to my Facebook
Can anyone explain why food prices have risen so much.
Like dislike 35 people liked / 2 people disliked this comment

First Previous 1 2

Inflation hits 13-month high | Bangkok Post: business