webfact Posted September 17, 2019 Share Posted September 17, 2019 Thailand’s inflation rate may increase as oil prices surge after Saudi drone attacks Higher global crude oil prices following Saudi oil attacks may increase Thailand’s inflation rate this year by 0.3 percent, according to Kasikorn Research Center. The think tank made an assessment on such an impact on the Thai economy is based on two scenarios. First, if Saudi Arabia does not launch military retaliation, global crude oil prices will likely spike over the short term for only a few weeks. Under this scenario, Kasikorn Research Center expects that global crude oil prices may gradually decline towards the level before the Saudi Arabia’s oil refinery attacks and this may affect headline inflation from September to October, 2019. As a result, headline inflation during the fourth quarter of this year may increase 0.05 percent over the current projection, bringing the average headline inflation rate for 2019 to 0.84 percent. Full story: https://www.thaipbsworld.com/thailands-inflation-rate-may-increase-as-oil-prices-surge-after-saudi-drone-attacks/ -- © Copyright Thai PBS 2019-09-18 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
rwill Posted September 18, 2019 Share Posted September 18, 2019 But the oil price has already gone back down. Link to comment Share on other sites More sharing options...
tifino Posted September 18, 2019 Share Posted September 18, 2019 3 minutes ago, rwill said: But the oil price has already gone back down. Yeah!! Only find random sporadic petrol stations that jumped up to price gouge for all them can get... Link to comment Share on other sites More sharing options...
mikebell Posted September 18, 2019 Share Posted September 18, 2019 Funny how prices go up with inflation, but NEVER down for imports with a strong baht! Like farang foodstuffs. Link to comment Share on other sites More sharing options...
jhawks09 Posted September 18, 2019 Share Posted September 18, 2019 Saudi Arabia has stated that the production/facilities at that one depot will be repaired by the end of September. Link to comment Share on other sites More sharing options...
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