Thailand: Inflation at over two-year high in December
January 5, 2017
In December consumer prices rose slightly by 0.13% on a month-on-month basis, contrasting the 0.06% drop recorded in November. The prices of energy and vehicles and vehicle operations rose the most and offset price decreases in other categories, including the important food and beverage category. Core consumer prices, which exclude energy and fresh food, increased 0.01% in December compared to the previous month, inching down from November’s 0.03% rise.
Inflation came in at 1.1% in December, above the 0.6% rise registered in November and also marginally above market expectations of a 1.0% increase. The reading is thus within the Central Bank’s target band of 1.0%-4.0% for the first time since November 2014. Core inflation remained constant at 0.7% in December.