Thailand's inflation is expected to peak in the third quarter and decelerate in the final quarter, leading the rate for the whole year to move in line with the Commerce Ministry's 2022 target of 6%.
According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the inflation rate is expected to ease in the final quarter, as oil prices are likely to become stable and the government is scheduled to roll out fresh support measures including an energy subsidy to help alleviate the cost of living for the public during this period.
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