Inflation Rises For 17th Straight Month

The rate of inflation in Thailand rose 0.94% during November (2018), meaning an increase for the 17th straight month. Inflation did however slow up from October's rate of 1.23% we reported here

Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, blamed a drop in energy prices had put pressure on inflation growth which offset higher fresh food and farm products. However, the Ministry still projects an overall inflation rate for the 2018 at 1.2% which is the highest growth rate in four years. The exchange rate with the US dollar is expected between 32.50 and 33.50 with oil prices between US$70-$80.

Source: Office of the National Economic & Social Development Board

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