Ministry optimistic about inflation

Published: 01/11/2011 at 3:47 PM
Category: Government
Tag: agriculture

The Commerce Ministry remains confident that inflation this year will not exceed its target of 3.7%, thanks to reasonable global oil prices and lower local purchasing power due to the floods.

The Commerce Ministry remains confident that inflation this year will not exceed its target of 3.7%, thanks to reasonable global oil prices and lower local purchasing power due to the floods.

Bangkok Post

Permanent secretary Yanyong Phuangrach said the inflation rate in October should be over 4% higher than last year as the floods pushed up the price of fresh vegetables and fruit via crop damage and higher transportation costs.

But month-to-month inflation should contract in November and December as floods cut the purchasing power of middle to lower-income earners in many provinces and food prices even out between flood-hit and dry areas.

Oil is still in the ministry’s predicted range of US$78-88 per barrel as well as the exchange rate between 28 to 33 baht per dollar.

The ministry has tried to reduce the burden of living costs by…

Full story from Bangkok Post at http://goo.gl/Gaauu

View / Download the monthly magazine

UPCOMING EVENTS

Monday, 21 April 2014
AMCHAM: 3rd Annual Thailand Tourism Forum
Details:http://goo.gl/eGJspV

Tuesday, 22 April 2014
AMCHAM: Bus. Economics Cmte
Details:http://goo.gl/5eiiPX

Tuesday, 22 April 2014
AMCHAM: Community
Details:http://goo.gl/WQ9cRK

Tuesday, 22 April 2014
AMCHAM: Prof. Women
Details:http://goo.gl/XJR79m

Tuesday, 22 April 2014
Bangkok Entrepreneurs
Details:http://goo.gl/JihG3

Wednesday, 23 April 2014
BCCT: Half-Day Workshop (Smart Marketing & Competitive Strategies)
Details:http://goo.gl/icgBCo

Wednesday, 23 April 2014
BCCT: Events Group Meeting
Details:http://goo.gl/np6LXR

Thursday, 24 April 2014
AustCham: ANZAC Day
Details:http://goo.gl/0MK7Dj

Thursday, 24 April 2014
BCCT: Third Thursday
Details:http://goo.gl/WGgxY5

Thursday, 24 April 2014
AMCHAM: YPC Networking Night
Details:http://goo.gl/E11B4U

Friday, 25 April 2014
AustCham: ANZAC Day
Details:http://goo.gl/0MK7Dj

Friday, 25 April 2014
AMCHAM: Ind. Day
Details:http://goo.gl/P4Eime

Friday, 25 April 2014
Movers & Shakers
Details:http://goo.gl/xOfWr

Friday, 25 April 2014
Joint: ESB Networking
Details:http://goo.gl/sb7N5y

Saturday, 26 April 2014
AMCHAM: 2014 Gala Installation Ball
Details:http://goo.gl/T7B1YC

Tuesday, 29 April 2014
AMCHAM: Health & Travel/Tourism
Details:http://goo.gl/nmDOYX

Tuesday, 29 April 2014
AMCHAM: Marketing Cmte
Details:http://goo.gl/HhUDNx

Wednesday, 30 April 2014
AMCHAM: Monthly Luncheon with Guest Speaker Darren Buckley
Details:http://goo.gl/gfI1Ae

Tuesday, 6 May 2014
AMCHAM: Board of Governors Meeting
Details:http://goo.gl/xy6h59

Tuesday, 6 May 2014
Mango Metro Night
Details:http://goo.gl/EnNbR

SET Update

Global Update


Poll