Thailand's inflation accelerated at the fastest pace since 2005 in April as food and oil prices surged to records, making it unlikely the central bank will cut borrowing costs this month.
Consumer prices gained 6.2 percent last month from a year earlier, the Commerce Ministry said in a report today in Bangkok. The median of 14 economists' estimates in a Bloomberg survey was for prices to rise 5.2 percent after gaining 5.3 percent in March.

The risk of inflation accelerating is high and the central bank will focus on combating it as the economy is still growing, Governor Tarisa Watanagase said April 29. Thailand's government is spending more to accelerate economic growth to as much as 6 percent this year. ... Read full article