Thailand: Consumer prices record softer annual drop in January
February 3, 2016
In January, consumer prices fell 0.26% over the previous month, which followed the 0.39% decrease seen in December and marked a three-month high. According to the Ministry of Commerce, January’s fall mainly resulted from lower prices for energy and communication.
Consumer prices in January fell 0.5% over the same month last year. The figure was above December’s 0.9% drop. Inflation is 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 0.07% over the previous month, thus contrasting the 0.02% decrease seen in the previous month. Core inflation inched down from 0.7% in December to 0.6% in January, which marked the lowest reading since April 2010.
Author: Dirina Mançellari, Senior Economist