Thailand: Annual consumer prices drop in March
April 21, 2016
In March, consumer prices increased 0.21% over the previous month, which followed the 0.15% increase seen in February and marked the highest reading since May 2014. According to the Ministry of Commerce, March’s increase mainly resulted from higher prices for energy and communication.
Consumer prices in March fell 0.50% over the same month last year, which matched February’s reading. Inflation remains below the Central Bank’s tolerance margin of plus/minus 1.5 percentage points around its target of 2.5%. Core consumer prices, which exclude prices for energy and fresh food, increased 0.01% over the previous month, thus coming in slightly below the 0.18% increase seen in the previous month. Core inflation inched up from 0.7% in February to 0.8% in March.
Author: Dirina Mançellari, Senior Economist