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Thai Commerce Ministry Revises Inflation Rate Index Downward to 1 Percent.
Byline: Phusadee Arunmas
Jul. 2--The Commerce Ministry yesterday revised its forecast annual inflation rate downward for the second time this year, to 1 percent as measured by the Consumer Price Index (CPI), mainly due to the stronger baht.
The Internal Trade Department first revised the CPI in April, to between 1 percent and 1.5 percent , due largely to the fall in prices of goods and the stronger baht. Its original forecast had been for inflation of between 1.8 percent and 2 percent .
The department predicted that the baht would average 42-43 to the US dollar, compared with 44 baht last year, according to director-general Siripol ...
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