BANGKOK: Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1 and 2 per cent.Director of the Commerce Ministry’s Trade Policy and Strategy Office, Poonpong Naiyanapakorn, said Thailand’s low inflation rate is in line with global inflation, which is steadily falling.The consumer price index for July is equivalent to 107.82, up 0.38 per cent year-on-year, reported Vietnam News Agency (VNA).The low inflation rate is attributable to a drop in food prices, such as pork, which has declined for three consecutive months, and energy prices falling for five months in a row.Prices
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