Thailand: Consumer prices slide again on an annual basis in September
October 5, 2020
Consumer prices fell 0.11% in September over the previous month, swinging from August's 0.29% increase. September's result marked the sharpest fall in prices since April. The decline was primarily driven by lower prices for food and non-alcoholic beverages.
Consumer prices decreased 0.7% year-on-year in September, following August’s 0.5% fall. Accordingly, the trend pointed down slightly, with the annual average variation of consumer prices coming in at minus 0.7% in September (August: -0.6%). Core inflation fell to 0.2% from August’s 0.3%.
Author: Stephen Vogado, Economist