Posted on 06 Oct 2008
Inflation up 6% in September (Thailand)
Thailand's inflation increased 6 per cent in September, slightly up from the previous month as floods pushed up vegetable and fruit prices.
Elsewhere, inflationary pressure has eased as oil prices have been declining.
Commerce Permanent Secretary Siripol Yodmuangcharoen said on Wednesday that the vegetable and fruit price index was up 7.4 per cent from the same period last year.
In the first nine months, inflation was up 6.5 per cent from the same period last year, due mainly to fuel prices.
"The US financial crisis could lead to lower purchasing power across the world, and this lowers oil and related products prices. The annualised inflation could slow to 6.5-6.9 per cent this year, based on the average crude oil price at US$100-$105 a barrel and the US$/Bt exchange rate at Bt32-Bt33," Siripol said.
