Thailand: Consumer prices record smallest fall since February in November
December 4, 2020
Consumer prices dropped 0.04% over the previous month in November, swinging from the 0.05% rise logged in October. The reading was primarily driven by dropping prices for food and non-alcoholic beverages.
Consumer prices fell 0.4% year-on-year in November, a less pronounced drop than October’s 0.5% decrease. November's reading was the smallest dip in consumer prices since February. Meanwhile, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.8% in November (October: -0.7%). Lastly, core inflation was stable, coming in at October's 0.2% in November.
Author: Stephen Vogado, Economist