Thai CPI for July up 3.4%

21:50, August 02, 2010      

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Thai consumer price index (CPI) for July rose 3.4 percent year on year to 108.32, commerce permanent secretary Yanyong Puangraj said Monday, the Thai News Agency (TNA) reported.

The inflation rate in July rose by 0.16 percent from June.

The country's CPI grew for 10 consecutive months reflecting the country's renewed demands amid the strong economic recovery.

Meanwhile, Thailand's inflation for the first seven months ( January-July), 2010, was up 3.5 percent year on year due to higher fuel, tap water,and electricity prices.

"The CPI figures went up for 10 straight months on the back of rising global oil prices and prices of consumer goods," the Bangkok Post's website quoted Yanyong as saying.

The commerce ministry has maintained its targeted CPI for 2010 at between 3.0 percent and 3.5 percent year on year, Yanyong said.

Source: Xinhua


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