Thailand: Inflation returns to target range in July
Consumer prices rose 0.06% month-on-month in July, contrasting the 0.36% decrease in June. The marginal uptick in July was driven by more expensive transportation and communication prices, while energy and vehicle maintenance prices also rose. Meanwhile, food and non-alcoholic beverages prices were virtually stable in July.
Inflation, meanwhile, ticked up from 0.9% in June to 1.0% in July, returning to the Central Bank’s 1.0%–4.0% target range. Core inflation, lastly, edged down to 0.4% in July from 0.5% in the prior month.