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Thai Internal Trade Department Revises Inflation Forecast Down.
Byline: Phusadee Arunmas
Oct. 2--The country's inflation is forecast at 0.5 percent to 0.8 percent this year, a rate that would be conducive to the country's overall economic growth, said the Internal Trade Department.
The latest inflation forecast had been revised from an earlier forecast of no higher than 1 percent, and last year's inflation estimate of 1.6 percent, said Siripol Yodmuangcharoen, the department's director-general.
The revision was based on the appreciation of the baht and improved industrial production capacity. The department has forecast that the average exchange rate of the baht this year would be 43.22 baht to one US ...
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Source: HighBeam Research, Thai Internal Trade Department Revises Inflation Forecast Down.