Thailand: Consumer prices record faster annual drop in August
September 2, 2015
In August, consumer prices fell 0.23% over the previous month, which followed the 0.07% decrease seen in July and marked a seven-month low. According to the Ministry of Commerce, August’s fall mainly resulted from lower prices for transportation and communication as well as for energy.
Consumer prices in August fell 1.2% over the same month last year. The figure was below July’s 1.0% drop and marked the fastest fall in three months. Inflation is well 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, rose 0.03% over the previous month (July: +0.10% month-on-month). Core inflation in August was stable at July’s 0.9%.
Author: Dirina Mançellari, Senior Economist