Mentors Posted January 4, 2010 Report Share Posted January 4, 2010 Jan. 4 (Bloomberg) -- Thailand’s inflation accelerated to a 14-month high amid rising food and commodity prices, adding to signs the nation is emerging from its yearlong recession. Thailand’s consumer prices fell in the nine months through September as the global slowdown pushed the Southeast Asian nation into a recession. Bank of Thailand Deputy Governor Bandid Nijathaworn said Dec. 25 the central bank will consider exiting monetary stimulus when the economy recovers as it seeks to balance between spurring growth and taming inflation. “We will continue to see accelerating inflation early this year,†Pimonwan Mahujchariyawong, an economist at Kasikorn Research Co. in Bangkok, said before the report. “But economic recovery remains fragile, so we don’t think the central bank will make any move until the middle of the year.†The central bank kept its benchmark interest rate unchanged at a five-year low of 1.25 percent for a fifth straight meeting last month after cutting borrowing costs by a total of 2.5 percentage points from December 2008 to April last year. Inflation may accelerate to between 3 percent and 4 percent in the first quarter, the Bank of Thailand said Dec. 25. The increase will be temporary as it’s mainly due to oil-price fluctuations, and doesn’t reflect “price pressure†from rising demand, the central bank said. The Thai Cabinet last month approved the central bank’s 2010 inflation target of between 0.5 percent and 3 percent, unchanged from last year’s goal. The target is based on an average of core inflation, excluding fresh food and fuel prices. Thailand’s core inflation index rose 0.2 percent last month from a year earlier, the Commerce Ministry said. The median forecast in a Bloomberg survey of nine economists was for a 0.3 percent increase. The central bank last month forecast that core inflation will accelerate to as much as 2 percent in the first half of this year after a government subsidy program for low-income earners expires. http://www.businessweek.com/news/2010-01-03/thailand-s-inflation-rate-climbed-to-14-month-high-in-december.html Link to comment Share on other sites More sharing options...
cavanami Posted January 4, 2010 Report Share Posted January 4, 2010 The Thai news said that the price of gasoline was to go up tomorrow...so I filled up the motorbike! LOS is no longer cheaper...but still can be fun!! Link to comment Share on other sites More sharing options...
Mentors Posted January 5, 2010 Author Report Share Posted January 5, 2010 The Thai news said that the price of gasoline was to go up tomorrow...so I filled up the motorbike! LOS is no longer cheaper...but still can be fun!! no money - no honey! Link to comment Share on other sites More sharing options...
cavanami Posted January 6, 2010 Report Share Posted January 6, 2010 Cost me 90 B to fill up the bike...that will put some limits on the honeys Link to comment Share on other sites More sharing options...
Mentors Posted January 6, 2010 Author Report Share Posted January 6, 2010 Cost me 90 B to fill up the bike...that will put some limits on the honeys hard times... Link to comment Share on other sites More sharing options...
cavanami Posted January 6, 2010 Report Share Posted January 6, 2010 WIll be hard times for what say, 75% of the Thai population? Food up, at least 30%, gas up, now have to pay for water (Samak dies so the That gov starts to charge for water again), etc. Link to comment Share on other sites More sharing options...
Mentors Posted January 7, 2010 Author Report Share Posted January 7, 2010 WIll be hard times for what say, 75% of the Thai population? Food up, at least 30%, gas up, now have to pay for water (Samak dies so the That gov starts to charge for water again), etc. even the egg price going up, again Link to comment Share on other sites More sharing options...
BelgianBoy Posted January 7, 2010 Report Share Posted January 7, 2010 songtow and busses are down..... internet is cheaper.... Link to comment Share on other sites More sharing options...
cavanami Posted January 7, 2010 Report Share Posted January 7, 2010 The common people (75% of the people) don't use the internet, so WTF, no impact for them. The bus is not down that much and water, electric and gasoline are up, say, 30%? Food is up, 30% or so. Link to comment Share on other sites More sharing options...
Mentors Posted January 8, 2010 Author Report Share Posted January 8, 2010 most things are up Link to comment Share on other sites More sharing options...
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