Thailand's average headline inflation was 1.15% year-on-year and core inflation 0.21% for the first 11 months this year. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office (TPSO), Thailand's headline inflation is likely to top 3% next year from a range of 0.8% to 1.2% this year. "From such cost-push factors, Thailand's headline inflation in 2022 may possibly hit 3%, a rate last seen in 2012," he said. "Rising headline inflation may negatively affect salaried employees and farmers whose income does not come in line with rapidly rising expenses." For the first 11 months this year, Thailand's average headline inflation was 1.15% year-on-year and core inflation 0.21%.

Source: Bangkok Post December 13, 2021 11:40 UTC