Thailand: Inflation decelerates in June
July 3, 2017
Consumer price growth in June came in barely above the zero percent mark, registering a 0.02% increase on a month-on-month basis, following the previous month’s 0.15% increase. June’s reading is the lowest in three months and came on the back of higher prices for food and non-alcoholic beverages and recreation and education, which just offset lower prices for transportation and communication and non-food and beverages. Core consumer prices, excluding energy and fresh food, increased 0.08% in June compared to the previous month (May: +0.01% month-on-month), marking the highest print in a year.
Prices decreased 0.1% year-on-year in June, below May’s reading but matching market expectations of a 0.1% fall. Inflation thus remained outside the Central Bank’s target range of 1.0%-4.0% for the fourth consecutive month. Core inflation was steady at 0.5% in June.
Author: Jan Lammersen, Economist