Vendors are seen at a food market in Bangkok, Thailand, March 30, 2022. (Xinhua/Rachen Sageamsak)

 

Source: Xinhua | Editor: huaxia

 

Thailand's May consumer inflation rose to the highest level since July 2008. The Ministry of Commerce attributed the CPI growth to higher food prices and energy costs.

 

BANGKOK, (Xinhua) -- Thailand's consumer inflation rose at a faster-than-expected pace of 7.1 percent year-on-year in May, the highest level since July 2008, on soaring energy and food prices, official data showed on Monday.

 

Growth of the country's consumer price index (CPI), a main gauge of inflation, exceeded April's 4.65 percent and beat a market expectation of 5.78 percent for May.

 

On a monthly basis, the CPI rose 1.4 percent from April, according to the Ministry of Commerce.

 

Full story: https://english.news.cn/20220607/83bb40e8ba324c26a81022846dea8d34/c.html

 

-- © Copyright Xinhua 2022-06-11

 

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Those in control of this country won't worry too much about that as inflation only disproportionately badly impacts the poor so they will have no concerns about that.

We have all got to make adjustments--- I've had to give up smoking.

 

Lat week  it just cost me nearly 800 Baht to fill up my zippo lighter .

Not one word, ever, about the extortionate profits made by the six big families......strange?

While interest rates are staying very low , everything to help

those who are in debt. maybe understandable as they are the

majority.....

regards Worgeordie

Just now, sanuk711 said:

We have all got to make adjustments--- I've had to give up smoking.

 

Lat week  it just cost me nearly 800 Baht to fill up my zippo lighter .

The anti-inflation rioters can hardly afford to make petrol bombs these days!

6 hours ago, webfact said:

Thailand's consumer inflation rose at a faster-than-expected pace of 7.1 percent year-on-year in May, the highest level since July 2008, on soaring energy and food prices, official data showed on Monday.

Pryaut said he'd keep an eye on rising prices, I wonder when he'll do something about it instead of watchng.

5 hours ago, Will B Good said:

Not one word, ever, about the extortionate profits made by the six big families......strange?

CP must be rubbing their hands with the huge profits.

"The Bank of Thailand raised its inflation forecast for this year to 4.9 percent (...)"

 

That seems very optimistic now. 

17 % in June...20% in July and so on ?