June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p7
Country Report
Country Report
The article reports that year-on-year, the consumer price index has fallen from an annual average of 15.5 percent in 2003 to 10.5 percent in 2004 in Thailand. The government has set an inflation target of 9.0 percent for 2004/05. The drop in inflation may reflect the impact of the appreciation of the currency, the kip, against the U.S. dollar during Q404, although most of Laos's imports come from Thailand where the Lao currency has depreciated against the baht. Inflation may fall to single digits in 2005 but given weak economic management this cannot be guaranteed.


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