Inflation slows again | Bangkok Post: business

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Inflation slows again

Concerns grow over weakening economy

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Inflation slowed for a seventh straight month in July due to an erosion of consumer purchasing power, prompting worries over clearer signs of a faltering economy. 

Commerce Ministry figures showed inflation based on 450 consumer items rose by 2% year-on-year last month, slowing from 2.25% in June, 2.3% in May and 2.4% in April as well as from 3.6% last December, when the rate was its highest since November 2011.

On a month-to-month basis, prices rose by 0.1% from June.

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