The Bangkok Post quoted Mr Yanyong Phuangrach permanent secretary for commerce of Thailand as saying that the consumer price index in July 2011 rose by 4.08% YoY and 0.18% MoM due to higher food and energy prices. The index stood at 112.74 points in July 2011. The inflation rate in the first seven months of 2011 was 3.64% YoY.

He said that core CPI in July 2011, which excludes volatile food and fuel prices, stood at 106.35 points. The index was 2.59% YoY higher from the same period of last year and 0.08% MoM higher from June 2011. The core inflation rate in January to July 2011 period was 2.01% YoY higher.

Mr Yanyong said that "Rising food and energy prices continue to push up inflation but this year's inflation is still expected to be between 3.2% and 3.7%. There is nothing to worry about for the remaining of the year."

(Sourced from www.bangkokpost.com)