BANGKOK (The Nation/Asia News Network): The Commerce Ministry on Tuesday (Sept 5) said that domestic inflation in August increased by 0.88% due to a surge in oil prices despite stable fresh food prices.
The Commerce Ministry's Trade Policy and Strategy Office Director, Poonpong Nainapakorn, said the Consumer Price Index (CPI) in August was 108.41 compared to 107.46 in August 2022. This has resulted in a general year-on-year (YoY) increase in the inflation rate of 0.88%, slightly up from 0.38% in July, due to the rising prices of energy-related products.
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