She said the prediction was based on the assumption the economy would grow by 3-5%, that average Dubai crude oil prices would stand at US$92-115 per barrel, the foreign exchange rate would be around 28-34 baht to the US dollar and the government’s policies to cut living costs would be continued.
General inflation for December stood at 106.01, up 0.14% on November and an increase of 1.67% on last December.
Core inflation for the month, which excludes food and energy, went up 0.10% on November and 0.91% on December 2012, to stand at 103.64. As a result, the average CPI for 2013 went up by 2.18% and core CPI by one percent.
Mrs Srirat said if the government revokes its policy to cut excise tax on diesel to 0.005 baht a litre, implemented last year, the pump price of diesel would increase and push up inflation by about another 1%.
If the government’s policy of free rides on some third-class trains is revoked, overall inflation next year would go up by another 0.18% and by another 0.11% if the free-travel on some public buses in Bangkok and its vicinity is ended, she said.