Inflation rate in Thailand highest in 3 years

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Thailand’s inflation accelerated in August at the fastest pace in 35 months as food and energy prices rose.

The index of consumer prices climbed 4.29 percent from a year earlier, compared with 4.08 percent in July, staying above 4 percent for the fifth month in a row.

Commerce Ministry permanent secretary Yanyong Phuangrach said the increase was driven mainly by rising food prices, which soared 8.43 percent year-on-year, with the price of glutinous rice increasing 6.90 percent, fresh fruit and vegetables 14.47 percent and finished food 17.25 percent.