Thailand: Consumer prices record slower annual drop in September
October 2, 2015
In September, consumer prices fell 0.05% over the previous month, which followed the 0.23% decrease seen in August and marked a three-month high. According to the Ministry of Commerce, September’s fall mainly resulted from lower prices for energy and communication.
Consumer prices in September fell 1.1% over the same month last year. The figure was above August’s 1.2% drop. 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 0.07% over the previous month (August: +0.03% month-on-month). Core inflation inched up from 0.9% in August to 1.0% in September, which marked the highest reading in five months.
Author: Dirina Mançellari, Senior Economist