Pimchanok Vonkorpon, director-general of the Commerce Ministry’s Trade Policy and Strategy Office (TPSO), said on Monday that this represented the second consecutive monthly fall in consumer prices. Vegetable prices fell 9.71 per cent from the corresponding period last year, while fresh-fruit prices decreased 4.87 per cent. However, in the first half of the year, overall consumer prices edged up 0.67 per cent, Pimchanok said. In the latter half of this year, headline inflation is not expected to rise sharply following the drop in the price of crude oil. The TPSO has revised down its forecast for this year’s headline inflation to 0.7-1.7 per cent, from the earlier estimate of 1.5-2.2 per cent, she added.

Source: The Nation Bangkok July 03, 2017 11:48 UTC