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Expensive fuel could raise inflation rates.
Byline: Phusadee Arunmas
Jan. 5--Soaring fuel prices and fluctuation in the exchange rate could cause Thailand's inflation rate to surge from 5.8 percent to 6 percent in average during the first quarter of 2006.
The permanent secretary for commerce Karun Kittisataporn said yesterday that although fuel prices were capped for most of last year, the cost of petroleum was still a crucial factor in edging up the headline inflation average to 4.5 percent in 2005, from 2.7 percent in 2004.
Affected by expensive oil, last year's prices of public transportation and consumer products, in addition to electricity bills, have risen. He expressed concerns ...
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