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[TheYenta]

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"Thailand is now going through the period of deflation but the situation is not worrying, according to an economic think tank's latest report. "The country was technically experiencing deflation as indicated by the dwindling inflation in the past six months and the economic contraction in the first two quarters of 2009," University of the Thai Chamber of Commerce's Economic and Business Forecasting Centre director Thanawat Polvichai said on Wednesday."

To this:

Consumer prices fell for a sixth month, plummeting to a 12-year low in June, as the cost of oil, public transport, communications and food receded. Despite the fall, the government still insists Thailand is not in a deflationary spiral, where contracting prices and economic growth are compounded by widespread unemployment."

http://www.bangkokpost.com/business/econom...hit-12-year-low