Thai inflation in May is expected to rise in lockstep with energy prices, which remain at a high level compared with 2021, after the headline rate increased 4.65% year-on-year in April, according to the Commerce Ministry.
Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office, said the main contributors to inflation in May will be the end of the diesel price subsidy scheme, which ran from October 2021 to April 30, and a gradual increase in the price of cooking gas (liquefied petroleum gas) from April to May 2022.
In addition, commodity prices have been rising, especially fresh food and food items, because of the high cost of production and ingredients, he said.
Mr Ronnarong said global prices of energy and commodities, the West’s sanctions on Russia,…
