[July 02, 2011] BRIEF: Thailand's CPI up 4.19% in June Tweet BANGKOK, Jul 01, 2011 (The Nation - McClatchy-Tribune Information Services via COMTEX) -- Thailand's consumer price index (CPI) in June remained high, at 4.19 per cent over the same period last year, according to the Commerce Ministry. Though fuel prices dropped on year, food prices were higher and contributed largely to the high inflation figure. Month-on-month, the inflation increased 0.13 per cent. However, inflation in the first half expanded 3.56 per cent, well within the authorities' expectation. The Bank of Thailand targets headline inflation to expand 3-5 per cent this year, due mainly to higher food and fuel prices. Yanyong Phuangrach, permanent secretary of the Commerce Ministry, said inflation has expanding more steadily and reflected stable economic growth. However, a possible increase in oil prices and interest rates may further boost costs of goods in the remaining months of the year, he warned. To see more of the Asia News Network, go to http://www.asianewsnet.net/home/ Copyright (c) 2011, The Nation, Bangkok, Thailand / Asia News Network Distributed by McClatchy-Tribune Information Services. For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com. [ Back To TMCnet.com's Homepage ]