Thai inflation up 2.70% in Jan-Jun

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BANGKOK, July 1 – Thailand’s inflation in the first half of this year was 2.70 per cent higher year on year, the Commerce Ministry announced today.

Vatchari Vimuktayon, permanent secretary for commerce, said the increased percentage was lower than the earlier forecast partly due to the government’s control of commodity and energy prices.

This year’s inflation is forecasted at 2.80-3.40 per cent.

Ms Vatchari said the Consumer Price Index or inflation in June was 105.31, up 2.25 per cent compared to the corresponding period of last year and 0.02 per cent lower than in May.

Price index on food and non-alcoholic drinks was 0.07 per cent lower and vegetables and fruit 2.34 per cent lower while food prices are gradually declining due to the favourable weather, she said

Prices of goods other than food and beverages, however, rose 0.27 per cent in accord with the higher energy price index by 1.79 per cent, she added.