Headline inflation exceeds outlook
BoT says price rises to be above target rate
The Bank of Thailand predicts headline inflation will exceed the target rate in the early part of this year, forced up by rising raw food and energy prices.
The central bank’s Monetary Policy Committee (MPC) meeting on Wednesday made the assessment, said MPC secretary Piti Disyatat.
According to the central bank’s inflation targeting framework, the headline inflation rate is in a range of 1-3% for 2022 and the medium-term horizon.
Upside risks to inflation have increased, said the MPC. In particular,…
