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Bangkok Post
Bangkok Post
Business

BoT balloons inflation view to 4.9%

Piti Disyatat MPC Bank of Thailand Russia Thailand
A customer examines limes at a fresh market in Samut Prakan province on Wednesday. Prices of limes and other food products have surged amid concerns over a sluggish economy. (Photo: Somchai Poomlard)

The Bank of Thailand (BoT) skyrocketed its inflation rate forecast for this year to 4.9% from 1.7% because of energy and food price surges attributed to supply shock from the Russia-Ukraine war.

Headline inflation is projected to be 4.9% in 2022, higher than the central bank's inflation targeting range of 1-3%.

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