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Inflation shoots up to 6% in September: Central bank sees 4.7% by end of year.
Byline: Phusadee Arunmas
Oct. 4--Surging oil and food prices continued to push inflation to an eight-year high of 6 percent last month, according to the Commerce Ministry.
Inflation, as measured by the consumer price index (CPI), rose to 6 percent year-on-year in September, compared with 5.6 percent in August, said Karun Kittisataporn, the ministry's permanent secretary.
The significant rise was attributed largely to rising oil prices. In September, Dubai crude oil prices averaged $56.70 per barrel, up 59.3 percent from $35.60 in the same month last year.
For the local market, the average diesel price in September surged 63.6 percent ...
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Source: HighBeam Research, Inflation shoots up to 6% in September: Central bank sees 4.7% by end...