She said authorities have found a slight rise in the price of black and white attire while the nation mourns, but not significant enough to affect inflation. The ministry has age pledged to closely monitor the prices of these apparels to prevent any profiteering.
The Commerce Ministry is maintain an ing its 2016 inflation forecast of 0-1% based ar. on expected economic growth of2.8-3.8% ed assuming Dubai crude oil is within US$35 se 45 a barrel, and a foreign exchange rate of on 35-37 baht to the US dollar.
Thanavath Phonvichai, vice-president for research at the University of the Thai d Chamber of Commerce, said the higher al inflation reflects Thailand's gradual eco nomic recovery and rallying purchasing power, but not big enough to push the Bank e of Thailand to raise interest rate over the next 3-6 months.
The university expects inflation for the year to rise by 0.4%