BANGKOK : Thailand’s inflation is still relatively low and manageable as the economy recovers gradually and more foreign tourists return, the finance minister said on Tuesday.
As global price pressures increase, the Southeast Asian country has clear plans to prevent inflation from accelerating and overly affecting living costs and consumption, Arkhom Termpittayapaisith told reporters.
“Inflation is a global issue. Every country’s inflation has increased but ours isn’t high compared with others,” he said.
Thailand’s headline inflation rate was 4.65 per cent in April, down from March’s 5.73 per cent, the fastest pace in 13 years, helped by government measures including price controls and fuel tax cuts.
On Monday, Prime Minister Prayuth Chan-ocha said the government was aiming to keep inflation under 5 per cent.
Arkhom said the number of foreign tourists should reach 7 million this…
