Thailand: Inflation edges up in August
September 1, 2016
In August, consumer prices decreased 0.04% over the previous month, which was above the 0.35% decrease observed in July. According to the Ministry of Commerce, August’s decrease mainly resulted from lower prices for vehicles, transport and energy, while prices for food and non-alcoholic beverages increased moderately.
Inflation increased from 0.1% in July to 0.3% in August. 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 0.07% over the previous month, thus coming in slightly above the 0.06% increase seen in July. Core inflation was stable at July’s 0.8% in August.