Bangkok- Thailand's inflation in July rose to 9.2 per cent year-on-year, the highest rate in a decade, the commerce ministry announced Friday.
Pairoh Sudsawang, Permanent Secretary for Commerce, said the Consumer Price Index in July was up 9.2 per cent compared with July, 2007, and up 0.3 per cent compared with last month's rate.
In June, inflation rose to 8.9 per cent, year-on-year, while in May it was 7.6 per cent.
Despite the steady rise over the past three months, Pairoh projected that the rate for all of 2008 will be about 6.6 per cent.
With international oil prices now on a gradual decline, Thailand's inflation rate is expected to lessen in August, the Kasikorn Research Centre (KCR) said.