There are 47 product items on the price control list, 205 items on the watch list and 11 items on the priority watch list. Bank of Thailand governor Veerathai Santiprabhob said the central bank will continue to monitor the oil price surge and inflation. Rising oil prices could add to both business and economic costs and affect consumption, Mr Veerathai said. Several factors, including improving economic growth and geopolitical risks in several countries, contributed to the jump in oil prices, he said. Thai Bankers' Association Chairman Predee Daochai said the group needs more time to digest the impact of oil prices on the economy.

Source: Bangkok Post May 24, 2018 22:52 UTC