BANGKOK, 2 June 2014 – The Commerce Ministry revealed that rising food costs have driven the inflation rate to increase. However, the ministry predicted that the rate for the whole year would be only around 2.0-2.8 percent.
A commercial advisor, Ms. Amphawan Pichalai, said that the Consumer Price Index (CPI) has reached 107.90 points, which is 2.62 percent higher compared to the same period last year. This figure represents the highest increase in 14 months.
Inflation has risen due to higher prices of food items such as rice, pork, and cooking gas. Ready-to-eat meals and non-alcoholic beverages have increased by 4.39 percent.
Meanwhile, consumer items have risen by 1.68 percent due to the opening of the school semester, which also led to increased costs in school uniforms and tuition.
