BoT: Private sector expects 4% inflation

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BANGKOK, 7 May 2012  – Private entrepreneurs said their production costs have increased by 4.6% and expected the inflation rate to hover at 4%, according to the Bank of Thailand (BoT)’s survey. 

The survey conducted among Thai entrepreneurs has indicated that most of them see around 2-4% inflation in the next 12 months; however, some companies believe the rate will be upwards of 4%.

Product and service price index has also risen; the production costs in the next 12 months are expected to rise by 4.6%. More entrepreneurs are worried about the difficulties in adjusting their product prices while the production costs are on the rise.