Thailand: Consumer prices record smallest fall since February in December
January 5, 2021
Consumer prices increased 0.15% in December over the previous month, contrasting November's 0.04% fall. December's figure marked the sharpest increase in prices since August. Looking at the details of the release, prices for housing and furnishing were rose in the month, although prices for food and non-alcoholic beverages dropped at a sharper pace in December.
Consumer prices fell 0.3% on an annual basis in December, a less pronounced drop compared with November’s 0.4% fall. December's result marked the smallest dip in consumer prices since February. The annual average variation of consumer prices remained at November's minus 0.8% in December. Meanwhile, core inflation was unchanged this month, coming in at November's 0.2%.
Author: Stephen Vogado, Economist