Thailand: Consumer prices record weaker annual drop in October
November 3, 2015
In October, consumer prices rose 0.20% over the previous month, which contrasted the 0.05% decrease seen in September and marked the highest reading in 17 months. According to the Ministry of Commerce, October’s increase mainly resulted from higher prices for housing as well as for food and non-alcoholic beverages.
Consumer prices in October fell 0.8% over the same month last year. The figure was above September’s 1.1% 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 0.05% over the previous month (September: +0.07% month-on-month). Core inflation was stable at the previous month’s 1.0%, thus remaining at the highest level in five months.
Author: Dirina Mançellari, Senior Economist