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Government inflation figures: where do they come from?
Byline: Parista Yuthamanop
Nov. 7--On the first working day of each month, economists, investors and business leaders wait for an announcement by the Commerce Ministry to diagnose whether the Thai economy is healthy.
The consumer price index (CPI), which measures inflation, is closely watched by investors and laymen, because it indicates the value of the money in their pockets and direction of the economy.
The Bank of Thailand uses the CPI to calculate core inflation, which excludes food and energy, as the key for setting monetary policy.
Natethip Thongkou-on, director of the ministry's Bureau of Trade and Economic Indices, said the data represent product prices in Greater Bangkok and 37 large provinces.
The CPI ...
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Source: HighBeam Research, Government inflation figures: where do they come from?