Thailand: Inflation increases moderately in September
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase. According to the Ministry of Commerce, September’s increase mainly resulted from higher prices for vehicles, transportation and energy.
Inflation climbed from 0.3% in August to 0.4% in September. Nonetheless, inflation remains well below the Central Bank’s lower tolerance limit of 1.0%.
Core consumer prices, which exclude prices for energy and fresh food, increased 0.02% over the previous month, coming in below the 0.07% increase seen in August. Core inflation was stable at August’s 0.8% in September.