Inflation reaches 9.2% for July

bangkokpost.com — Thailand's inflation accelerated at the fastest pace in a decade in July, gaining 9.2% from the same month a year ago due to surging oil and food prices. Fuel prices rose 46.9% year-on-year in July, leading prices of non-food goods to climb 7.6%. The food sector increased 11.8%, led by rice, flour and cereal products, which rose 33.5%. Meat prices were up 19.2% and seasonings and condiments rose 16.3%. ''The main driver of rising inflation in July was oil prices despite the prices dropping by the middle of the month in line with world prices,'' said Pairoa Sudsawarng, deputy secretary of the Commerce Ministry.

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