Thailand: Inflation eases in June
July 3, 2014
In June, consumer prices fell 0.10% over the previous month, which contrasted the 0.40% increase tallied in May. The reading marked the fastest decrease since November 2012. According to the Ministry of Commerce, June’s fall resulted from lower prices for food and non-alcoholic beverages.
Annual headline inflation fell from 2.6% in May to 2.4% in June. The result undershot market expectations of the inflation rate remaining stable at 2.6%.
Core consumer prices, which exclude prices for energy and fresh food prices, rose 0.05% over the previous month (May: +0.13% month-on-month). In addition, annual core inflation inched down to 1.7% (May: 1.8% year-on-year). Core inflation is still within the Central Bank’s target range of 0.5%–3.0%.
Author: Dirina Mançellari, Senior Economist