Revising its earlier forecast, the Commerce Ministry now anticipates headline inflation to be within 1-1.7% for the current year, with an average of 1.35%. This comes as a result of expected lowered inflation in the last quarter.
In July, the forecasted range was 1-2% with an average of 1.5%. Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office, revealed that the inflation trend in October and the entire fourth quarter is expected to remain subdued and may turn negative.
“This is due to the reduced prices of food, including meat, poultry, seafood, and seasonings, as well as energy category products like electricity and diesel. A price drop in the gasoline group is also likely.”
Measures taken by the Commerce Ministry, in sync with manufacturers and shopping malls, to reduce the cost of living and lower…
