Inflation hits 13-month high

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Published: 2 Jan 2013 at 16.20
Online news: Local News

Thailand's inflation rate accelerated to a 13-month high in December, exceeding economists' expectations, as state subsidies failed to counter rising food prices.

The consumer price index was up 3.63% last month from December 2011, the Commerce Ministry said on Wednesday - a 13-month high, Bloomberg reported. This compared with a 2.74% increase reported in November. The median estimate of 12 economists according to a Bloomberg financial news survey was 3.22%.

Buildings in Bangkok (EPA photo)

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bangmodken
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Discussion 13 : 03 Jan 2013 at 01.1313
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"The global economic recovery would also boost exports to grow by about 12.2% this year,said the NESDB secretary general".
Ehh...if he is talking about the planet Earth,I have to ask what global economic recovery?
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Worzel
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Discussion 12 : 02 Jan 2013 at 23.4312
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There was a reference to 'the global economic recovery' leading to growth. Are we facing a global recovery?
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dao
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Discussion 11 : 02 Jan 2013 at 22.2211
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We better give everyone raises and put them in debt paying for cars to sit in traffic .That will solve everything .
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facts_only
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Discussion 10 : 02 Jan 2013 at 21.5210
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A healthy economy requires between 2 and 3% annual inflation. Below that could result in deflation, and above would cause uncontrolled price increases - both damaging the economy. 3% annual inflation for 10 years will result in a 34% increase in prices.

"The median estimate of 12 economists according to a Bloomberg financial news survey was 3.22%." - above article

2009, -0.846%
2010, 3.272%
2011, 3.81%
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uberbraun
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Discussion 9 : 02 Jan 2013 at 20.279
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Inflation? This cannot be. I remember our puppet PM telling us there was no inflation, it is all in our minds.
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nickjam
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Discussion 8 : 02 Jan 2013 at 20.058
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D2 got it spot on in my opinion. 300 baht a day is still a pittance and the rise was long overdue. The problem is the already wealthy companies who immediately slapped price hikes to protect (and increase) their profit margins. It's common knowledge that Thailand has one of the largest wealth discrepancies in the world and it would appear the wealthy want to keep it that way.
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Renaissance
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Discussion 7 : 02 Jan 2013 at 19.517
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Reducing the cost of living - another broken election promise. The Thais are so gullible. They believe everything Thaksin says. I hope they think twice before believing his promises and accepting the 500 Baht notes next time.
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cinbkk
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Discussion 6 : 02 Jan 2013 at 19.446
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Trouble is most of the government portfolios are given to people because of who they are rather than what they know. Very few in the government know how to run and manage a country and an economy. They very good at denying things and hoping they'll get better, despite what conventional economic wisdom would suggest.

A bunch of university students could certainly do a better job. One day I hope they'll get rid of the soldiers and policeman and get some experience in, but for now Thailand will continue to spiral downwards, while pressing issues are ignored.
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tamsin
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Discussion 5 : 02 Jan 2013 at 19.155
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@ Disc 1 - For the same reason everything, including rice, doubled OVERNIGHT 4 years ago?
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dickemery
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Discussion 4 : 02 Jan 2013 at 18.224
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when you have government officals manipulating a free market,its called rackateering,hence the price goes up
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Inflation hits 13-month high | Bangkok Post: news