Inflation forecast revised

The Commerce Ministry has revised its annual headline inflation forecast to a range of 0.8% to 1.2% (with an average of 1%), narrowing from 0.7% to 1.7% (with an average of 1.2%) earlier.

The latest projection is based on expected economic growth of 0.7-1.2%, with Dubai crude oil prices averaging US$65-70 per barrel, and an exchange rate of 31.5-32.5 baht per US dollar.

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Bangkok Post Reporter