August 15, 2008
Bangkok - The inflation will slow down in the fourth quarter of this year because of decreasing global oil prices, according to the finance ministry.
"It will take a while... to see declining oil prices reflected in the inflation rate," Finance Minister Surapong Suebwonglee told reporters.
Surapong also said the government's stimulus packages would boost the economy, predicting that the growth would meet the targeted 6.0 percent for the year.
Thailand's inflation rate jumped to a 10-year high of 9.2 percent in July due to surging oil and food prices.
