2008 inflation rises 5.5 per cent

By The Nation

Thailand's consumer price index (CPI) in December rose 0.4 per cent from the same period last year and declined 1.6 per cent from the previous month, according to the Commerce Ministry.

Commerce Permanent Secretary Siripol Yodmuangcharoen said on Monday that throughout 2008, inflation rose 5.5 per cent on year, due mainly to the declines in oil prices.

Core inflation, excluding prices of volatile goods like energy and food, in December rose 1.8 per cent on year and fell 0.1 per cent from the previous month. The annualised core inflation grew 2.4 per cent on year.

Siripol said that 2009 inflation could stay in the range of 0-1.2 per cent, if the average Dubai crude oil stays at US$50-$60 per barrel.

Oil experts expected the average crude to be lower than $60 per barrel this year.

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2008 inflation rises 5.5 per cent

Thailand's consumer price index (CPI) in December rose 0.4 per cent from the same period last year and declined 1.6 per cent from the previous month, according to the Commerce Ministry.

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