Thailand: Inflation drops below target range in June
July 4, 2019
Thai consumer prices dropped 0.36% month-on-month in June, swinging from a 0.48% increase in the prior month. The fall in consumer prices reflected noticeably cheaper transportation and communication costs, as well as cheaper raw food and energy.
Inflation, meanwhile, eased to 0.9% in June from 1.1% in May, dropping below the Central bank’s 1.0%–4.0% target range for the first time since last December, and core inflation was stable at May’s 0.5% in June.
Author: Jan Lammersen, Economist