Thailand: Inflation hits over two-year high in January
February 2, 2017
In January, consumer prices rose by 0.16% on a month-on-month basis, up from the 0.13% increase recorded in December. Core consumer prices, which exclude energy and fresh food, increased 0.52% in January compared to the previous month, well above December’s 0.01% rise.
Inflation came in at 1.6% in January (December: 1.1%), the highest result in 28 months. The reading was thus within the Central Bank’s target band of 1.0%-4.0% for the second consecutive month after over two years below the lower bound. Core inflation rose from 0.7% in December to 1.2% in January.