Core inflation increased to 2.55% in June.

By bne IntelliNews July 4, 2011
Thailand's core inflation increased to 2.55% in June this year, reinforcing the likelihood of another interest rate hike soon. As reported by Reuters News, the Commerce Ministry stated that the annual headline inflation in the country decreased during the period due to reduced oil prices. The central bank is expected to increase its benchmark rate by another 25 basis points (bps) to 3.25% at its meeting on July 13, in an effort to control price pressures. The central bank is aiming to keep core inflation, which excludes energy as well as fresh food prices, within a range of 0.5%-3.0%.

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