Thailand: Inflation drops below Central Bank target range in November
December 3, 2018
Consumer prices dropped 0.22% over the previous month in November, contrasting the 0.06% price increase in October. The print reflected cheaper prices for transportation and communication; non-food and beverages; and raw food and energy.
Inflation moderated to 0.9% in November from 1.2% in October, just below the Bank of Thailand’s 1.0%–4.0% target range. Lastly, core inflation, which excludes raw food and energy inched down from 0.8% in October to 0.7% in November.
Author: Jan Lammersen, Economist