Bloomberg News

Prasarn Says Thai Inflation Rising on Supply Shocks From Floods

November 01, 2011

Nov. 1 (Bloomberg) -- Thailand’s inflation has accelerated because of supply shocks caused by the nation’s flood crisis, central bank Governor Prasarn Trairatvorakul said.

“It should be short term,” Prasarn told reporters in Bangkok today. “When the flooding eases, inflation should be back to normal.”

Inflation should be in line with the central bank’s latest forecast, and monetary policy won’t take into account temporary factors affecting inflation, Prasarn said.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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