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Inflation in Thailand on a Steady Rise for the 15th Consecutive Months

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BANGKOK – Inflation has continued to rise 15 months in a row to an average of 1.14 per cent for the first nine months of this year, said Ms Pimchanok Wornkhorporn, director of Trade Policy and Strategy Office of the Commerce Ministry.

The inflation rate for September represented an increase of 0.29 percent compared to the same period last year.

The rate increase was attributable to the price increase in non- food and drinks which increased by an average of 1.90 percent while the prices of food and non-alcoholic drinks upped 1.33 percent.

The Commerce Ministry predicted that inflation rate for the whole year of this year would be between 0.80 -1.6 percent.