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  1. #1
    Mid
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    Thai inflation rate hits 4.1%

    Thai inflation rate hits 4.1%
    Feb 1, 2010

    BANGKOK - THAILAND'S inflation rate hit a 16-month high in January as it rose for the fourth straight month, the commerce ministry said on Monday.

    Consumer prices increased 4.1 per cent year-on-year in the first month of 2010, after rising 3.5 per cent in December, the ministry's permanent secretary Yanyong Phuangrach said.

    He said the January figure - the highest since an inflation rate of 6.0 per cent in September 2008 - was a sign of economic improvement, which would be further stimulated by the low interest rate.

    'However the domestic political situation is a factor which may affect the economy,' he said, as Thailand braces for fresh street protests by anti-government demonstrators in coming weeks.

    Consumer prices were up 1.9 per cent year-on-year in November and 0.4 per cent in October - the first increase in 2009.

    The ministry forecast an inflation rate of between 3.0 and 3.5 per cent for 2010. The core consumer price index, which excludes volatile energy and food costs, rose 0.6 per cent in January from a year earlier.

    straitstimes.com

  2. #2
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Mid
    which excludes volatile energy and food costs
    Always some fine print when it comes to inflation. Seems to me food and fuel numbers are far more important to the average Thai than anything else.

  3. #3
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by Mid
    the highest since an inflation rate of 6.0 per cent in September 2008 - was a sign of economic improvement
    Can someone explain that to me please.
    If all prices were doubled would that mean the economy was doing really well?

  4. #4
    Mid
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    increased demand pushing prices up .

  5. #5
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Mid
    increased demand pushing prices up .
    Wonder if incomes are increasing at a proportional rate?

  6. #6
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by Mid
    increased demand pushing prices up
    but you don't know that is the cause
    It might be the cost of raw materials, it might be wages, it might be greed

  7. #7
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    what a strange view on on the economy when high inflation is a sign of improvement first time fr everything i guess

  8. #8
    I am in Jail
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    Quote Originally Posted by Thetyim
    Can someone explain that to me please.
    If all prices were doubled would that mean the economy was doing really well?
    the measure of inflation is quite a complex topic, it's an improvement if GDP is growing faster than inflation. I doubt it was the case here. Those news release are so full of mistakes in their interpretation, I no longer pay attention to them. Between the governments "manufactured" numbers and the "misguided reporting" by the press, it's quite impossible to make anything of it. It's just fairy tales.

    That said, deflation like we had last year was a sign of collapse, so I guess some in the press think that anything that is not deflation is an improvement

  9. #9
    Thailand Expat HermantheGerman's Avatar
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    They should fire some people at the "Unemployment Office" and cut their pay and pension.


















    Unemployment Office = Military

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