Thailand’s inflation to hit 1.2%, if economy expands as expected

The inflation will be within the range of 0.7 and 1.7 per cent next year assuming the economy expands between 3.5 per cent and 4.5 per cent, the Dubai crude oil price is between US$40 and $50 per barrel and the baht lies between Bt30 and Bt32 per US dollar.

The inflation rate this year has been forecast to contract by 0.87 per cent, she added.