Thailand: Consumer prices record softer annual drop in June
July 2, 2015
In June, consumer prices rose 0.10% over the previous month, which followed the 0.17% increase observed in May. According to the Ministry of Commerce, June’s increase mainly resulted from higher prices for food and non-alcoholic beverages.
Consumer prices fell 1.1% over the same month last year. The figure followed May’s 1.3% drop, which had marked the fastest decrease since July 2009. As a consequence, 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 0.06% over the previous month (May: 0.05% month-on-month). Annual core inflation was stable at May’s 1.5% in June.
Author: Dirina Mançellari, Senior Economist