Thailand: Consumer prices drop in February
March 2, 2016
In February, consumer prices increased 0.15% over the previous month, which contrasted the 0.26% decrease seen in January and marked a four-month high. According to the Ministry of Commerce, February’s increase mainly resulted from lower prices for energy and communication.
Consumer prices in February fell 0.50% over the same month last year. The figure matched December’s figure. 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 0.18% over the previous month, thus following the 0.07% increase seen in the previous month. Core inflation inched up from 0.6% in January to 0.7% in February..
Author: Dirina Mançellari, Senior Economist