Monday, July 30, 2007

Thailand's Inflation Rate May Fall to Three-Year Low on Consumer Spending

(Bloomberg) -- Thailand's inflation rate probably
held at a three-year low in July as the weakest consumer
confidence in five years curtailed spending.

Consumer prices rose 1.8 percent from a year earlier, after
increasing 1.9 percent in May and June, based on the median of
14 economists' estimates in a Bloomberg survey. The Commerce
Ministry report is due Aug. 1 at 11:30 a.m. in Bangkok. April's
1.8 percent pace was the slowest in three years.


Read more at Bloomberg Emerging Markets News

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