BoT balloons inflation view to 4.9%
Surges in prices attributed to war
The Bank of Thailand skyrocketed its inflation rate forecast for this year to 4.9% from 1.7% because of energy and food price surges attributed to supply shock from the Russia-Ukraine war.
Headline inflation is projected to be 4.9% in 2022, higher than the central bank’s inflation targeting range of 1-3%.
The bank assesses the headline inflation rate will tally 1.7% next year, a slight increase from an earlier…
