Thailand: Inflation jumps to nearly two-year high in November
December 2, 2016
In November, Thai consumer prices fell slightly by 0.06% on a month-on-month basis, compared to the 0.16% rise recorded in October. The price of energy, food and non-alcoholic beverages and transport fell, while the price of clothing rose very slightly compared to the prior month. Core consumer prices, which exclude energy and fresh food, increased 0.03% in November compared to October, practically mirroring October’s 0.04% rise.
Inflation came in at 0.6% in November, above the 0.3% registered in October but marginally below market expectations of 0.66%. The reading also remains outside the Central Bank’s target band of 1.0%-4.0%. Core inflation remained constant at 0.7% in November.
Author: Dirina Mançellari, Senior Economist