Monday, September 22, 2008

Free public transport - inflation fighter

Thailand yesterday reported that inflation - which had hit a 10-year high of 9.2 per cent in July - fell to 6.4 per cent year-on-year in August.
While declines in fuel prices helped, analysts said the lower than expected reduction stemmed from a Bt47bn ($1.4bn, €940m, £760m) government package that provided free water and electricity for low-income households, and free public transportation and third-class train tickets... FinancialTimes