Thailand: Inflation reaches lowest level in over five years
December 2, 2014
In November, consumer prices fell 0.12% over the previous month, which followed the 0.10% decrease tallied in October. According to the Ministry of Commerce, November’s decline resulted from lower prices for food and non-alcoholic beverages, as well as for vehicles and vehicle operation.
Annual headline inflation decreased from 1.5% in October to 1.3% in November, thus reaching the lowest level since October 2009. The result met market expectations. Core consumer prices, which exclude prices for energy and fresh foods, rose 0.11% over the previous month (October:+0.06% month-on-month). Annual core inflation inched down from 1.7% in October to 1.6% in November, thus reaching the lowest level in eight months. Core inflation is still within the Central Bank’s target range of 0.5%–3.0%.
Author: Dirina Mançellari, Senior Economist