Thailand: Inflation comes in at highest level since April in November
December 4, 2021
Consumer prices rose 0.28% over the previous month in November, which was below the 0.74% increase recorded in October. November's result marked the weakest reading since August. The cooling of price pressures was largely driven by slower growth in prices for food and non-alcoholic beverages.
Inflation came in at 2.7% in November, up from October’s 2.4%. November's figure was the highest inflation rate since April. As such, the trend pointed up mildly, with annual average inflation coming in at 1.0% in November (October: 0.8%). Finally, core inflation ticked up to 0.3% in November, from the previous month's 0.2%.
Author: Stephen Vogado, Economist