Published by
The Bangkok Post
The Bangkok Post
BoT balloons inflation view to 4.9% Surges in prices attributed to war The Bank of Thailand 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%. The bank assesses the headline inflation rate will tally 1.7% next year, a slight increase from an earlier estimate of 1.4%, said Piti Disyatat, secretary of the Monetary Policy Committee (MPC). The central bank also cut i…