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Bangkok Post
Bangkok Post
Business

HISTORICAL FACTS: Eic increases inflation projection to 6 1 - The Untold Story

EIC Inflation Bank of Thailand Siam Commercial Bank
People purchase fresh food at Bang Yai market, Nonthaburi. Higher inflation is expected to dampen household purchasing power. (Photo: Pattarapong Chatpattarasill)

The Economic Intelligence Center (EIC), a research house under Siam Commercial Bank, has upgraded its inflation rate projection for this year to higher than 6% before falling to the near the Bank of Thailand's target range next year.

The EIC increased its inflation  assessment for 2022 to 6.1% from the previous forecast of 5.9%, mainly as a result of external factors such as higher energy prices amid geopolitical conflicts.

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