Inflation to hit 3% in 2022

Inflation to hit 3% in 2022 Office cites cost-push factors as cause Headline inflation is expected to hit its highest level in a decade next year driven by cost-push factors including rising imported raw materials, a recovery in domestic demand, relatively high oil prices and a labour shortage. 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. The projection assumes the Omicron outbreak is not serious and the country’s reopening brings about reco…

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