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June inflation down slightly, 2014 projection now 2.4%, Commerce says

The Consumer Price Index is expected to firm up slightly in the remaining months, mainly from rising fuel prices and falling value of the baht, reflecting strong economic growth and ensuring the full-year inflation rate will be no higher than 2.8 per cent, the Commerce Ministry says.

"Inflation is projected at 2.4 per cent this year. Low inflation reflects the fact that consumers have not faced a high cost of living, while a slight increase shows consumers have confidence to spend money amid the economic recovery," Amparwon Pichalai, adviser to the ministry, said Tuesday.

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