April CPI rises by 4.04% y-o-y

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BANGKOK, 2 May 2011  – Thailand’s inflation rate or Consumer Price Index (CPI) for April 2011 has increased by 4.04% year-on-year and 1.38% from the previous month in line with higher prices of food and energy, according to the Ministry of Commerce. 

Permanent Secretary for Commerce Yanyong Puangrach reported that the inflation rate for April stood at 112.01 while the rate for the first four months of this year (January-April 2011) rose by 3.27%.

Mr Yanyong further reported that the national core CPI for last month, excluding fresh food and energy, stood at 105.59, rising by 2.07% year-on-year and 0.73% from the month earlier. Moreover, the core CPI for the first four months expanded by 1.62%.

The permanent secretary elaborated that the higher inflation rate was supported by the increasing food and energy prices; however, the ministry was confident that the rate throughout this year would move in the range of 3.2 to 3.7%.