Permanent Secretary to Commerce Ministry Yanyong Phuangrach said on Wednesday that Thai inflation rose 2.73 percent in July, while the rate for the first 7 months of the year went up 2.92 percent.
The Commerce Ministry initially forecast the 2012 inflation target at 3.30-3.80 percent, with the impact of the word economic problems, natural disasters and foreign exchange volatility considered risk factors for consumer prices.
When compared with the preceding month, July inflation showed a small increase of 0.35 percent.
Mr. Yanyong also predicted that the inflation in the fourth quarter will go further up to 3.1-3.3 percent.
He added that if the country’s Fuel Tariff (FT) on electricity charge goes up by 0.30 baht per unit during September and December, the consumer index will be directly hit by 0.082 percent.