NONTHABURI, Dec 3 (TNA) – Inflation in November ran at 2.71%, the fastest pace in seven months, on many factors including eased disease controls and business resumption.
Ronnarong Phoolpipat, director-general of the Commerce Ministry’s Trade Policy and Strategy Office, said inflation in November ran at 2.71% compared with its level a year earlier and 2.38% from the previous month. The rate was the highest in seven months from April due to rising retail fuel prices, the base of low prices last year and vegetable prices affected by recent flooding.
Inflation was up from the previous month partly because of disease control relaxation and economic stimulus measures including measures to promote tourism and spending which increased people’s purchasing power.
The Commerce Ministry predicted that inflation this year would hover around 0.8-1.2% (with an average of 1.0%) and should support suitable and steady economic growth. (TNA)