Inflation set to increase next year
Rising product prices based on higher demand and persistently high oil prices are expected to drive Thailand’s headline inflation to grow by 0.7% to 2.4% (an average of 1.5%) next year, from 0.8% to 1.2% this year, according to the Commerce Ministry.
The projection is based on expected economic growth of 3.5-4.5% next year, with Dubai crude oil prices averaging US$63-73 per barrel, and an exchange rate of 31.5-33.5 baht per US dollar.
Phusadee Arunmas
