Thailand: Inflation eases further in July
August 2, 2016
In July, consumer prices decreased 0.35% over the previous month, which contrasted the 0.03% increase observed in the previous month and marked the lowest reading in seven months. According to the Ministry of Commerce, July’s decrease mainly resulted from lower prices for food and non-alcoholic beverages.
Inflation decreased from 0.4% in June to 0.1% in July. Inflation remains well below the Central Bank’s tolerance margin of plus/minus 1.5 percentage points around its target of 2.5%. Core consumer prices, which exclude prices for energy and fresh food, increased 0.06% over the previous month, thus coming in slightly below the 0.08% increase seen in the previous month. Core inflation was stable at June’s 0.8% in July.
Author: Dirina Mançellari, Senior Economist