Inflation hits 13-month high | Bangkok Post: business

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Inflation hits 13-month high

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  • Online news: News
  • Writer: Online Reporters and Bloomberg News Agency
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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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